<SEC-DOCUMENT>0001554855-21-000033.txt : 20210225
<SEC-HEADER>0001554855-21-000033.hdr.sgml : 20210225
<ACCEPTANCE-DATETIME>20210225060928
ACCESSION NUMBER:		0001554855-21-000033
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		73
CONFORMED PERIOD OF REPORT:	20210224
FILED AS OF DATE:		20210225
DATE AS OF CHANGE:		20210225

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:		21676273

	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>FORM 6-K
<TEXT>
<html><body><div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 12.5pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;">UNITED STATES</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 12.5pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 12.5pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 12.5pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;">Washington, D.C. 20549</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 12.5pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 12.5pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-right: auto; margin-left: auto; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 5.35pt;">
<td style="width: 181.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; 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-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 15pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;">Form 6-K</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 12.5pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 12.5pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;">Report </font><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;">Of</font><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;"> Foreign Private Issuer</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 12.5pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 12.5pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;">Pursuant </font><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;">To</font><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;"> Rule 13a-16 Or 15d-16 Of</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 12.5pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 12.5pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;">The Securities Exchange Act Of 1934</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: '02lfl'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: '02lfl';">For the month of</font><font style="font-family: '02lfl';"> </font><font style="font-family: '02lfl';">February</font><font style="font-family: '02lfl';">,</font><font style="font-family: '02lfl';"> 20</font><font style="font-family: '02lfl';">2</font><font style="font-family: '02lfl';">1</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: '02lfl'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: '02lfl';">Commission File Number: </font><font style="font-family: '02lfl';">001-14950</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 14.5pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 14.5pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold;">ULTRAPAR HOLDINGS INC.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; padding-bottom: 1pt; font-size: 8pt;"><font style="font-family: '02lfl';">(Translation of Registrant&#8217;s Name into English)</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 100%; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"><br></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: '33dgm,Bold'; font-weight: bold;">Brigadeiro Luis Antonio</font><font style="font-family: '33dgm,Bold'; font-weight: bold;"> </font><font style="font-family: '33dgm,Bold'; font-weight: bold;">Avenue</font><font style="font-family: '33dgm,Bold'; font-weight: bold;">, 1343, </font><font style="font-family: '33dgm,Bold'; font-weight: bold;">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-weight: bold;"> </font><font style="font-family: '33dgm,Bold'; font-weight: bold;">Floor</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: '33dgm,Bold'; font-weight: bold;">S&#227;o Paulo, SP, Brazil 01317-910</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; padding-bottom: 1pt; font-size: 8pt;"><font style="font-family: '02lfl';">(Address of Principal Executive Offices)</font></p>
<table style="width: 100%; margin-left: 0.1px; height: 17px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 17px;">
<td style="width: 100%; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000;"><br></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: '02lfl';">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-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: '02lfl'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: '02lfl';">Form 20-F </font><font style="font-family: '02lfl';">____</font><font style="font-family: '02lfl'; text-decoration: underline;">X</font><font style="font-family: '02lfl';">____</font><font style="font-family: '02lfl';"> </font><font style="width: 24.34pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font><font style="font-family: '02lfl';">Form 40-F</font><font style="font-family: '02lfl';"> ________</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: '02lfl'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: '02lfl';">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-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: '02lfl'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: '02lfl';">Yes </font><font style="font-family: '02lfl';">________ </font><font style="width: 18.49pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font><font style="font-family: '02lfl';">No </font><font style="font-family: '02lfl';">____</font><font style="font-family: '02lfl'; text-decoration: underline;">X</font><font style="font-family: '02lfl'; text-decoration: underline;">____</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: '02lfl'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: '02lfl';">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-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: '02lfl'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: '02lfl';">Yes </font><font style="font-family: '02lfl';">________ </font><font style="width: 18.49pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font><font style="width: 35.4pt; display: inline-block;">&nbsp;</font><font style="font-family: '02lfl';">No </font><font style="font-family: '02lfl';">____</font><font style="font-family: '02lfl'; text-decoration: underline;">X</font><font style="font-family: '02lfl'; text-decoration: underline;">____</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; line-height: 115%; font-size: 9pt;"><font style="font-family: '02lfl'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; line-height: 115%; font-size: 11pt;">&nbsp;</p>
</div>
</div>
<div><hr class="horizontalLineRemoved" 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;"><br></div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 12.5pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold; -aw-import: ignore;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><b><font lang="EN-US" style="font-size: 13.0pt; line-height: 115%; font-family: 'Century Gothic','sans-serif'; mso-bidi-font-family: '26nbvtokfgfhjcu\,Bold'; mso-ansi-language: EN-US;">ULTRAPAR HOLDINGS INC.</font></b></p>
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><b><font lang="EN-US" style="font-size: 13.0pt; line-height: 115%; font-family: 'Century Gothic','sans-serif'; mso-bidi-font-family: '26nbvtokfgfhjcu\,Bold'; mso-ansi-language: EN-US;">TABLE OF CONTENTS</font></b></p>
<table style="width: 100%; margin: 0px; height: 146px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 10px;">
<td style="width: 100%; height: 10px;" colspan="2">
<p style="margin: 0cm 0cm 10pt; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><b><u><font lang="EN-US" style="font-size: 13.0pt; line-height: 115%; font-family: 'Century Gothic','sans-serif'; mso-bidi-font-family: '26nbvtokfgfhjcu\,Bold'; mso-ansi-language: EN-US;">ITEM</font></u></b></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 8.6655%; height: 17px; text-align: center; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><font style="font-family: 'times new roman', times;">1.</font></td>
<td style="width: 91.3345%; height: 17px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><font lang="EN-US" style="font-size: 10pt; line-height: 115%; font-family: 'times new roman', times;"> 2020 Financial Report </font></td>
</tr>
<tr style="height: 17px;">
<td style="width: 8.6655%; text-align: center; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: top; height: 17px;">2.</td>
<td style="width: 91.3345%; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: top; 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: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4Q20 and 2020 Earnings Release</font></td>
</tr>
<tr style="height: 17px;">
<td style="width: 8.6655%; height: 17px; text-align: center; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><font style="font-family: 'times new roman', times;">3.</font></td>
<td style="width: 91.3345%; height: 17px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><font lang="EN-US" style="font-size: 10pt; line-height: 115%; font-family: 'times new roman', times;"> Board of Directors minutes </font></td>
</tr>
<tr style="height: 17px;">
<td style="width: 8.6655%; height: 17px; text-align: center; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><font style="font-family: 'times new roman', times;">4.</font></td>
<td style="width: 91.3345%; height: 17px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><font lang="EN-US" style="font-size: 10pt; line-height: 115%; font-family: 'times new roman', times;"> Fiscal Council minutes </font></td>
</tr>
<tr style="height: 17px;">
<td style="width: 8.6655%; height: 17px; text-align: center; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><font style="font-family: 'times new roman', times;">5.</font></td>
<td style="width: 91.3345%; height: 17px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><font lang="EN-US" style="font-size: 10pt; line-height: 115%; font-family: 'times new roman', times;"> Notice to shareholders </font></td>
</tr>
<tr style="height: 17px;">
<td style="width: 8.6655%; height: 17px; text-align: center; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><font style="font-family: 'times new roman', times;">6.</font></td>
<td style="width: 91.3345%; height: 17px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><font lang="EN-US" style="font-size: 10pt; line-height: 115%; font-family: 'times new roman', times;"> Material notice </font></td>
</tr>
<tr style="height: 17px;">
<td style="width: 8.6655%; height: 17px; text-align: center; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><font style="font-family: 'times new roman', times;">7.</font></td>
<td style="width: 91.3345%; height: 17px; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><font lang="EN-US" style="font-size: 10pt; line-height: 115%; font-family: 'times new roman', times;">Conflict of Interest and Related Party Transactions <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;">Corporate Policy</font></font></td>
</tr>
<tr style="height: 17px;">
<td style="width: 8.6655%; height: 17px; text-align: center; padding: 0px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"><font style="font-family: 'times new roman', times;">8.</font></td>
<td style="width: 91.3345%; height: 17px; margin: 0px; text-indent: 0px; padding: 0px; vertical-align: top;" valign="top"><font lang="EN-US" style="font-size: 10pt; line-height: 115%; font-family: 'times new roman', times;"> Internal bylaws of the Conduct Committee </font><br></td>
</tr>

</table>
<p align="center" style="text-align: center; margin: 0cm 0cm 10pt; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;"><b><font lang="EN-US" style="font-size: 13.0pt; line-height: 115%; font-family: 'Century Gothic','sans-serif'; mso-bidi-font-family: '26nbvtokfgfhjcu\,Bold'; mso-ansi-language: EN-US;"><br></font></b></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 12.5pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold; -aw-import: ignore;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 12.5pt;"><br></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 12.5pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold; -aw-import: ignore;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 12.5pt;"><font style="font-family: '26nbvtokfgfhjcu,Bold'; font-weight: bold; -aw-import: ignore;"><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;"><br></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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;"><br></div>
</div>
</div><div style="font-family: 'times new roman', times;font-size: 10pt;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-right: auto; margin-left: auto; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 337.5pt;">
<td style="width: 106.35pt; vertical-align: top;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
</td>
<td style="width: 315.95pt; vertical-align: top;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-style: italic; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(Convenience Translation into English from</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">the Original Previously Issued in Portuguese)</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 22pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 22pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 22pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Ultrapar Participa&#231;&#245;es S.A</font><font style="font-family: 'Times New Roman'; font-weight: bold;">.</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 18pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 18pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 18pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">Parent&#8217;s Separate and Consolidated</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 18pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">Financial </font><font style="font-family: 'Times New Roman'; font-style: italic;">Statements for</font><font style="font-family: 'Times New Roman'; font-style: italic;"> the </font><font style="font-family: 'Times New Roman'; font-style: italic;">Year</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 18pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">Ended </font><font style="font-family: 'Times New Roman'; font-style: italic;">December</font><font style="font-family: 'Times New Roman'; font-style: italic;"> 3</font><font style="font-family: 'Times New Roman'; font-style: italic;">1</font><font style="font-family: 'Times New Roman'; font-style: italic;">, 2020 and</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 18pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">Report on Review of Financial Information</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 18pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 18pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'Times New Roman';">KPMG Auditores Independentes</font></p>
</td>
<td style="width: 90.6pt; vertical-align: top;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="width: 32.65pt; display: inline-block;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
</td>
</tr>

</table>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman';">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;"><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; color: #ffffff;" class="pageno"><font class='pageno'>1</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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; /* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; text-align: justify; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Parent&#8217;s Separate and Consolidated </font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial Statements</font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">For the Years Ended December 31, 2020 and 2019</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 18pt;"><br></p>
&#8203;&#8203;&#8203;&#8203;&#8203;&#8203;&#8203;&#8203;
<table cellpadding="0" cellspacing="0" border="0" style="width: 100.001%; margin-left: 0.1px; height: 183px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 47px;">
<td style="height: 47px; width: 90%;">
<p><font style="font-size: 10pt; 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="TOC"></a></font></p>
<p style="vertical-align: middle; text-align: left;"><font style="font-size: 10pt; font-family: 'times new roman', times; font-weight: bold;">Table of Content</font></p>
</td>
<td style="width: 10%; height: 47px;"><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#BAR_YIXUNCL63K00000000000000000000">Independent Auditor&#8217;s Report in the Individual and Consolidated Financial Statements</a></font></td>
<td style="height: 17px; text-align: right;">3-6</td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#B2_GZHSLO81W000000000000000000000">Statements of Financial Position</a></font></td>
<td style="height: 17px; text-align: right;">7-8</td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#B3_UCK8FAJXDC00000000000000000000">Statements of Profit or Loss</a></font></td>
<td style="height: 17px; text-align: right;">9</td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#B4_7KS7CZT9JK00000000000000000000">Statements of Comprehensive Income</a></font></td>
<td style="height: 17px; text-align: right;">10</td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#B5_1LA2OX9VW000000000000000000000">Statements of Changes in Equity</a></font></td>
<td style="height: 17px; text-align: right;">11-12</td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#B6_SJGSJWX67K00000000000000000000">Statements of Cash Flows &#8211; Indirect Method</a></font></td>
<td style="height: 17px; text-align: right;">13-14</td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#B7_KY4A0TLNWW00000000000000000000">Statements of Value Added</a></font></td>
<td style="height: 17px; text-align: right;">15</td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#B8_0O3FL19II800000000000000000000">Notes to the Financial Statements</a></font></td>
<td style="height: 17px; text-align: right;">16-138</td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><a href="#B123_7LK1N8DUYO00000000000000000000">Annual Report of the Audit and Risk Committee</a></font></td>
<td style="height: 17px; text-align: right;">139-142</td>
</tr>

</table>
<p><br></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
</div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>2</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 16pt; widows: 0; orphans: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font lang="PT-BR">(Convenience Translation into English from the Original Previously Issued in Portuguese)</font> </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 16pt; widows: 0; orphans: 0;"><font style="font-family: Arial; font-size: 16pt; font-weight: bold;"><br></font></p>
<div style="margin-top: 0pt; margin-bottom: 0pt; line-height: 16pt; text-align: left;"><font style="font-family: 'times new roman', times;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="BAR_YIXUNCL63K00000000000000000000" class="customBookmark"><font style="font-size: 16pt; font-weight: bold;">Independent </font><font style="font-size: 16pt; font-weight: bold;">Auditor&#8217;s</font><font style="font-size: 16pt; font-weight: bold;"> Report in the Individual and Consolidated Financial Statements</font></a></font></div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 16pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 13pt; widows: 0; orphans: 0;"><font style="font-family: 'times new roman', times; font-size: 10pt;">To the Shareholders of the</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">S&#227;o Paulo - SP&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<h2 style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-style: italic; font-size: 10pt;">Opinion</font></h2>
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; line-height: 12pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">We have audited the individual and consolidated financial statements of Ultrapar Participa&#231;&#245;es S.A. (&#8220;the Company&#8221;), respectively referred to as Parent and Consolidated, which comprise the statement of financial position as at December 31, 2020, the statements of income and other comprehensive income, changes in equity and cash flows for the year then ended, and notes, comprising significant accounting policies and other explanatory information.</font></p>
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; line-height: 12pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In our opinion, the accompanying financial statements present fairly, in all material respects, the individual and consolidated financial position of the Ultrapar Participa&#231;&#245;es S.A. as at December 31, 2020, and of its individual and consolidated financial performance and its cash flows for the year then ended in accordance with Accounting Practices Adopted in Brazil and with International Financial Reporting Standards (IFRS), issued by the International Accounting Standards Board (IASB).</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<h2 style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-style: italic; font-size: 10pt;">Basis for Opinion</font></h2>
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; line-height: 12pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">We conducted our audit in accordance with Brazilian and International Standards on Auditing. Our responsibilities under those standards are further described in the Auditors&#8217; Responsibilities for the Audit of the Individual and Consolidated Financial Statements section of our report. We are independent of the Company and its subsidiaries in accordance with the relevant ethical requirements included in the Accountant Professional Code of Ethics (&#8220;C&#243;digo de &#201;tica Profissional do Contador&#8221;) and in the professional standards issued by the Brazilian Federal Accounting Council (&#8220;Conselho Federal de Contabilidade&#8221;) and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<h2 style="margin: 0px; text-align: justify; break-inside: avoid; break-after: avoid; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-style: italic; font-size: 10pt;">Key audit matter</font></h2>
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; line-height: 12pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Key audit matter is those matter that, in our professional judgment, were of most significance in our audit of the current period. This matter was addressed in the context of our audit of the individual and consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on this matter.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<h3 style="margin: 0px; text-align: justify; break-inside: avoid; break-after: avoid; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-style: italic; font-size: 10pt;">Realization of deferred tax assets</font></h3>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">As of December 31, 2020, the individual and consolidated financial statements include deferred tax asset amounts equivalent to R$ 1,588,001 thousand, of which R$ 1,224,139 thousand are related to temporary differences and R$ 363,862 thousand are related to tax losses, considered recoverable based on the generation of future taxable profits.</font></p>
</div>
<p style="margin-top: 2pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; font-size: 10pt;"><br></p>
</div>
</div>
<div style="/* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<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'>3</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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;">
<div>
<h3 style="margin: 6.5pt 5.65pt 6.5pt 0.05pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: normal; font-size: 10pt;">Estimates of future taxable income generation include the use of assumptions, judgments and estimates on cash flows, such as growth rates of revenues, costs and expenses, estimates of future investments and working capital and discount rates, which involve high degree of complexity and judgments that impact the expectation of realization of deferred tax assets in the coming years. Therefore, we consider this matter to be significant for our audit.</font></h3>
<p style="margin: 0px; text-align: justify; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Our Response</font></p>
<p style="margin: 0px; text-align: justify; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Our audit procedures included, among others:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Evaluation of the design, implementation and effectiveness of the internal control of financial projections related to the realization of the registered deferred taxes.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Within the involvement of our corporate finance specialists, for the assumptions and data used by the Company in preparing the study of future taxable profits considering the projections of future cash flows. Also to assess the accuracy of the recorded balances.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Comparison of the budgets approved in the previous year with the actual values &#8203;&#8203;calculated in the current year.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Assessment whether the disclosures in the individual and consolidated financial statements consider all relevant information regarding deferred tax assets.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;As a result of the evidence obtained through the audit procedures summarized above, we consider that the amount of deferred tax assets recorded and the respective disclosures are acceptable in the context of the individual and consolidated financial statements taken as a whole.</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<h2 style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic;">Other matters </font><font style="font-style: italic;">- Statements of value added</font></font></h2>
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; line-height: 12pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The individual and consolidated statements of value added (DVA) for the year ended December 31, 2020 prepared under the responsibility of the Company&#8217;s management, and presented herein as supplementary information for IFRS purposes, have been subject to audit procedures jointly performed with the audit of the Company's financial statements. &nbsp;In order to form our opinion, we assessed whether those statements are reconciled with the financial statements and accounting records, as applicable, and whether their format and contents are in accordance with criteria determined in the Technical Pronouncement 09 (CPC 09) - Statement of Value Added. In our opinion, the statements of value added have been fairly prepared, in all material respects, in accordance with the criteria determined by the aforementioned Technical Pronouncement and are consistent with the overall individual and consolidated financial statements.</font></p>
<p style="margin: 0px; text-align: justify; line-height: 12pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Other </font><font style="font-weight: bold;">information</font><font style="font-weight: bold;"> accompanying the individual and consolidated financial statements and the </font><font style="font-weight: bold;">auditor's</font><font style="font-weight: bold;"> report</font></font></p>
<p style="margin-top: 6.5pt; margin-right: 6.05pt; margin-bottom: 6.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Management is responsible for the other information comprising the management report.</font></p>
<p style="margin-top: 6.5pt; margin-right: 6.05pt; margin-bottom: 6.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Our opinion on the individual and consolidated financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.</font></p>
<p style="margin-top: 6.5pt; margin-right: 6.05pt; margin-bottom: 6.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In connection with our audit of the individual and consolidated financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the individual and consolidated financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.</font></p>
</div>
<p style="margin-top: 2pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; font-size: 10pt;"><br></p>
</div>
</div>
<div style="/* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<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'>4</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin-top: 6.5pt; margin-right: 6.05pt; margin-bottom: 6.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Responsibilities of Management and Those Charged with Governance for the </font><font style="font-weight: bold;">Individual</font><font style="font-weight: bold;"> and Consolidated Financial Statements</font></font></p>
<p style="margin-top: 6.5pt; margin-right: 6.05pt; margin-bottom: 6.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Management is responsible for the preparation and fair presentation of the individual and consolidated financial statements in accordance with Accounting Practices Adopted in Brazil and with International Financial Reporting Standards (IFRS), issued by the International Accounting Standards Board (IASB) and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.</font></p>
<p style="margin-top: 6.5pt; margin-right: 6.05pt; margin-bottom: 6.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In preparing the individual and consolidated financial statements, management is responsible for assessing the Company&#8217;s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company and subsidiaries or to cease operations, or has no realistic alternative but to do so.</font></p>
<p style="margin-top: 6.5pt; margin-right: 6.05pt; margin-bottom: 6.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Those charged with governance are responsible for overseeing the Company&#8217;s and subsidiaries financial reporting process.</font></p>
<p style="margin-top: 6.5pt; margin-right: 6.05pt; margin-bottom: 6.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 6.5pt; margin-right: 6.05pt; margin-bottom: 6.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Auditors&#8217; Responsibilities for the Audit of the Individual and Consolidated Financial Statements</font></p>
<p style="margin-top: 6.5pt; margin-right: 6.05pt; margin-bottom: 6.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Our objectives are to obtain reasonable assurance about whether the individual and consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors&#8217; report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with Brazilian and international standards on auditing will always detect a material misstatement when it exists. </font></p>
<p style="margin-top: 6.5pt; margin-right: 6.05pt; margin-bottom: 6.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.</font></p>
<p style="margin-top: 6.5pt; margin-right: 6.05pt; margin-bottom: 6.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">As part of an audit in accordance with Brazilian and international standards on auditing, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:</font></p>
<p style="margin-top: 6.5pt; margin-right: 6.05pt; margin-bottom: 6.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8211; Identify and assess the risks of material misstatement of the individual and consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. </font></p>
<p style="margin-top: 6.5pt; margin-right: 6.05pt; margin-bottom: 6.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.</font></p>
<p style="margin-top: 6.5pt; margin-right: 6.05pt; margin-bottom: 6.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8211; Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company&#8217;s and its subsidiaries internal control. </font></p>
<p style="margin-top: 6.5pt; margin-right: 6.05pt; margin-bottom: 6.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8211; Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. </font></p>
<p style="margin-top: 6.5pt; margin-right: 6.05pt; margin-bottom: 6.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8211; Conclude on the appropriateness of management&#8217;s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company&#8217;s and its subsidiaries ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors&#8217; report to the related disclosures in the individual and consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors&#8217; report. However, future events or conditions may cause the Company and subsidiaries to cease to continue as a going concern.</font></p>
<p style="margin-top: 6.5pt; margin-right: 6.05pt; margin-bottom: 6.5pt; text-align: justify; font-size: 10pt;"><br></p>
</div>
</div>
<div style="/* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<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 class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin-top: 6.5pt; margin-right: 6.05pt; margin-bottom: 6.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8211; Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the individual and consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.</font></p>
<p style="margin-top: 6.5pt; margin-right: 6.05pt; margin-bottom: 6.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#8211; Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. &nbsp;We are responsible for the direction, supervision and performance of the group audit.&nbsp; We remain solely responsible for our audit opinion.</font></p>
<p style="margin-top: 6.5pt; margin-right: 6.05pt; margin-bottom: 6.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.</font></p>
<p style="margin-top: 6.5pt; margin-right: 6.05pt; margin-bottom: 6.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence and communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.</font></p>
<p style="margin-top: 6.5pt; margin-right: 6.05pt; margin-bottom: 6.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the individual and consolidated financial statements of the current period and are therefore the key audit matter. We describe these matters in our auditors&#8217; report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.</font></p>
<h2 style="margin-top: 2pt; margin-right: 5.75pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-style: italic; font-size: 10pt;">&nbsp;</font></h2>
<p style="margin-top: 2pt; margin-left: 0.5pt; margin-bottom: 0pt; text-indent: -0.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-left: 0.5pt; margin-bottom: 0pt; text-indent: -0.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">S&#227;o Paulo, February 24, 2021</font></p>
<p style="margin-top: 2pt; margin-left: 0.5pt; margin-bottom: 0pt; text-indent: -0.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-left: 0.5pt; margin-bottom: 0pt; text-indent: -0.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">KPMG Auditores Independentes</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">CRC 2SP014428/O-6</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-style: italic; font-size: 10pt;">Original report in Portuguese signed by</font></p>
<p style="margin-top: 2pt; margin-left: 0.5pt; margin-bottom: 0pt; text-indent: -0.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-left: 0.5pt; margin-bottom: 0pt; text-indent: -0.5pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Marcio Serpejante Peppe</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Accountant CRC 1SP233011/O-8</font></p>
</div>
</div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: Arial;"><br></font></p>
<div style="/* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<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 class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="/* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar Participa&#231;&#245;es S.A. and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Subsidiaries</font></font></p>
<div style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="B2_GZHSLO81W000000000000000000000" class="customBookmark">Statements of Financial Position</a></font></div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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;">December 31, </font><font style="font-family: 'Times New Roman'; font-weight: bold;">2020 and </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-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian Reais)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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; height: 603px; width: 100%;" width="100%">

<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Note</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 46%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Assets</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; width: 8%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; width: 2%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 2%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 2%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">Current assets</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cash and cash equivalents</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">948,649</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,580</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,661,494</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,115,379</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments and hedging instruments</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">88,100</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95,829</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,033,258</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,090,212</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade receivables</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,318,927</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,635,834</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reseller financing</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.b</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">549,129</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">436,188</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Inventories</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,846,196</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,715,560</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Recoverable taxes</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">154</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,044,850</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,122,335</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Recoverable income and social contribution taxes</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7.b</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,913</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,750</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">366,080</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">325,343</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends receivable</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">150,301</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,074</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,152</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,630</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other receivables</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">58,300</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,321</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">56,955</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,765</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Prepaid expenses</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,684</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">72</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">132,122</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">111,355</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Contractual assets with customers &#8211; exclusive rights</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">478,908</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">465,454</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 20pt; margin-bottom: 0pt; text-indent: 0.75pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total current assets</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,297,101</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">197,626</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,489,071</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,058,055</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Non-current assets</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments and hedging instruments</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">977,408</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">506,506</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade receivables</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">72,195</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">53,666</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reseller financing</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.b</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">419,255</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">364,748</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Related parties</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">753,459</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">759,123</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,824</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">490</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred income and social contribution taxes</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">64,993</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,613</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">974,711</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">653,694</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Recoverable taxes</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,474,808</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">767,360</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Recoverable income and social contribution taxes</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7.b</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,446</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,447</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">261,205</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104,947</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Escrow deposits</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">949,796</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">921,443</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Indemnification asset &#8211; business combination</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22.c</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">204,439</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">193,496</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other receivables</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,238</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,430</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Prepaid expenses</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,888</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">255</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">70,507</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69,216</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Contractual assets with customers &#8211; exclusive rights</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,227,423</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,000,535</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 20pt; margin-bottom: 0pt; text-indent: 0.75pt; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">861,788</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">840,455</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,654,809</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,639,531</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Investments</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 20pt; margin-bottom: 0pt; text-indent: 0.75pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In subsidiaries</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,530,177</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,085,953</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 20pt; margin-bottom: 0pt; text-indent: 0.75pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In joint ventures</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,792</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">139,100</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">153,076</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 20pt; margin-bottom: 0pt; text-indent: 0.75pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In associates</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12.c</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,588</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,750</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 20pt; margin-bottom: 0pt; text-indent: 0.75pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,793</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,793</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,530,177</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,104,745</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">167,481</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">181,619</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Right to use assets</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,062</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,799</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,150,286</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,980,912</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Property, plant, and equipment</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,328</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,532</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,005,860</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,572,762</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Intangible assets</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">254,242</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">246,163</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,782,655</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,762,593</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 20pt; margin-bottom: 0pt; text-indent: 0.75pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total non-current assets</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,695,597</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,199,694</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,761,091</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,137,417</font></p>
</td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 30pt; margin-bottom: 0pt; text-indent: 1.15pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total assets</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 15px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,992,698</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 15px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,397,320</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 15px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,250,162</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 15px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,195,472</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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';">financial </font><font style="font-family: 'Times New Roman';">statements.</font></font></p>
</div>
</div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="/* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<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 class="horizontalLineRemoved" 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-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><br></p>
<div style="/* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Statements of Financial Position</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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;">December 31, </font><font style="font-family: 'Times New Roman'; font-weight: bold;">2020 and </font><font style="font-family: 'Times New Roman'; font-weight: bold;">2019</font></font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian Reais)</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 698px; width: 100%;" width="100%">

<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Note</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 46%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Liabilities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; width: 8%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; width: 2%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 2%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; width: 2%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Current liabilities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loans, financing and hedge derivative financial instruments</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,038,499</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,306,036</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">867,871</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.g</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,996</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,713</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">949,908</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">249,570</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade payables</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,870</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,173</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,745,019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,158,478</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade payables &#8211; reverse factoring</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,295,633</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">541,593</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Salaries and related charges</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,400</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">958</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">468,630</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">405,636</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Taxes payable</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">812</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">389</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">286,014</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">269,922</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends payable</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.h</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">439,094</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,689</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">442,133</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,694</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income and social contribution taxes payable</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,264</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">169,317</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">164,757</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Post-employment benefits </font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20.b</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,077</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,951</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for asset retirement obligation</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,267</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,847</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for tax, civil, and labor risks</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,660</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,455</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,688</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">144</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">260,189</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">206,396</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other payables</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,157</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">224,676</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">213,273</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred revenue</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,282</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,626</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 20pt; margin-bottom: 0pt; text-indent: 0.75pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total current liabilities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,566,780</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,069</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,240,841</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,195,069</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Non-current liabilities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loans, financing and hedge derivative financial instruments</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,526,064</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,907,113</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.g</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,724,117</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,723,368</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,594,208</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,368,168</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Related parties</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,272</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,220</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,711</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,925</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred income and social contribution taxes</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: top; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,732</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,531</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Post-employment benefits</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20.b</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,527</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">257,647</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">243,916</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for asset retirement obligation</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,168</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,395</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for tax, civil, and labor risks</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22.a; 22.c</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">280</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">399</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">854,385</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">884,140</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33,246</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,855</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,573,099</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,382,277</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Subscription warrants &#8211; indemnification</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">86,439</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">130,657</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">86,439</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">130,657</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for short-term liabilities of subsidiaries and joint venture</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,794</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,497</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,096</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other payables</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,497</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">139,507</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">190,106</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-left: 20pt; margin-bottom: 0pt; text-indent: 0.75pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total non-current liabilities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,892,172</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,891,996</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,099,056</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,165,228</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Equity</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share capital</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,171,752</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,171,752</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,171,752</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,171,752</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equity instrument granted</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.b</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,404</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,970</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,404</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,970</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capital reserve</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.d</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">594,049</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">542,400</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">594,049</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">542,400</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Treasury shares</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.c</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(489,068)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(485,383)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(489,068)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(485,383)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Revaluation reserve on subsidiaries</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.e</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,337</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,522</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,337</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,522</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Profit reserves</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.f</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,408,275</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,995,414</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,408,275</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,995,414</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Valuation adjustments</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.g.1</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(464,990)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(146,317)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(464,990)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(146,317)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cumulative translation adjustments</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.g.2</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">231,596</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">102,427</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">231,596</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">102,427</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additional dividends to the minimum mandatory dividends</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.h</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">55,391</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">261,470</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">55,391</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">261,470</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 20pt; margin-bottom: 0pt; text-indent: 0.75pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equity attributable to:</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 30pt; margin-bottom: 0pt; text-indent: 1.15pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Shareholders of the Company</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,533,746</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,458,255</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,533,746</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,458,255</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 30pt; margin-bottom: 0pt; text-indent: 1.15pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-controlling interests in subsidiaries</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">376,519</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">376,920</font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 13px;">
<p style="margin-top: 0pt; margin-left: 20pt; margin-bottom: 0pt; text-indent: 0.75pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total equity</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,533,746</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,458,255</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,910,265</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,835,175</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 30pt; margin-bottom: 0pt; text-indent: 1.15pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total liabilities and equity</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,992,698</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,397,320</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,250,162</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,195,472</font></p>
</td>
</tr>

</table>
</div>
<div style="width: 8.5in; margin: 0 auto;"><font style="font-size: 10pt; font-family: 'Times New Roman';">The accompanying notes are an integral part of the financial </font><font style="font-size: 10pt; font-family: 'Times New Roman';">statements</font><font style="font-size: 10pt; font-family: 'Times New Roman';">.</font></div>
</div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div style="/* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<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 class="horizontalLineRemoved" 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-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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-top: 2pt; margin-bottom: 0pt; text-align: justify; line-height: 115%; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar Participa&#231;&#245;es S.A. and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Subsidiaries</font></font></p>
<div style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="B3_UCK8FAJXDC00000000000000000000" class="customBookmark">Statements of Profit or Loss</a></font></div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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;">years</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;">December</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> 3</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</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-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian Reais, except earnings per share)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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; height: 474px; width: 100%;" width="100%">

<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; width: 6.25%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 16.7892%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 20.7108%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; width: 6.25%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Note</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Net revenue from sales and services</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">81,241,102</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">89,297,975</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost of products and services sold</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(75,628,214)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(83,187,109)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Gross profit</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,612,888</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,110,866</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Operating income (expenses)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Selling and marketing</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,547,850)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,610,384)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Expected losses on doubtful accounts</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,947)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(30,003)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">General and administrative</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,536,580)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,726,253)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 54.5344%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 6.25%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">76,150</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(30,019)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 54.5344%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Impairment</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 6.25%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15; 28</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,280)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other operating income, net</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,755</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">312</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">221,394</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">179,625</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 26px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 26px; width: 54.5344%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Operating income before financial income (expenses) and share of profit (loss) of subsidiaries, joint ventures and associates</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 26px; width: 6.25%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 26px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,755</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 26px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 26px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">312</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 26px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 26px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,812,055</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 26px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 26px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,300,552</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">950,566</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">394,793</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(43,617)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(12,145)</font></p>
</td>
</tr>
<tr style="height: 25px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 25px; width: 54.5344%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Operating income before financial income (expenses) and income and social contribution taxes</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 6.25%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">952,321</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">395,105</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,768,438</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,288,407</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial income</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,022</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">73,201</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">527,710</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">457,289</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial expenses</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(120,907)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(122,359)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(797,084)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(964,143)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%;">
<p style="margin-top: 0pt; margin-left: 20pt; margin-bottom: 0pt; text-indent: 0.75pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial result, net</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(77,885)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(49,158)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(269,374)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(506,854)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Income before income and social contribution taxes</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">874,436</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">345,947</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,499,064</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">781,553</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Income and social contribution taxes</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9.b; 9.c</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,299)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(659,306)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(476,074)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9.b</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,246</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,579</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">87,939</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">97,465</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,947</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,579</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(571,367)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(378,609)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Net income for the year</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">893,383</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; border-bottom: 2.8pt double #000000; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">373,526</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; border-bottom: 2.8pt double #000000; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">927,697</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; border-bottom: 2.8pt double #000000; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">402,944</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income attributable to:</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 1.5pt double #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 1.5pt double #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 1.5pt double #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 1.5pt double #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman';">Shareholders of the Company</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">893,383</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">373,526</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">893,383</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">373,526</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman';">Non-controlling interests in subsidiaries</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34,314</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,418</font></p>
</td>
</tr>
<tr style="height: 25px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 54.5344%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Earnings per share (based on weighted average number of shares outstanding) &#8211; R$</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 6.25%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman';">Basic</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.8218</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.3437</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.8218</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.3437</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 54.5344%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman';">Diluted</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 6.25%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.8170</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 7.59804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.3418</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.8170</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.3418</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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';">f</font><font style="font-family: 'Times New Roman';">inancial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
</div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><br></p>
<div style="/* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<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 class="horizontalLineRemoved" 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>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar Participa&#231;&#245;es S.A. and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Subsidiaries</font></font></p>
<div style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none;" href="#" name="B4_7KS7CZT9JK00000000000000000000" class="customBookmark"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Statements of Comprehensive Income</font></a></div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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;">years</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;">December</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> 3</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</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-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian Reais)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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; height: 282px; width: 100%;" width="100%">

<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Note</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 46%; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income for the year</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 8%; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">893,383</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">373,526</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">927,697</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">402,944</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fair value adjustments of financial instruments, net</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.g.1</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">126</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">126</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.g.1</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(313,397)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(51,346)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(313,397)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(51,325)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.g.1</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">190</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(978)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">190</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(978)</font></p>
</td>
</tr>
<tr style="height: 26px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 26px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 26px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.g.2</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 26px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">129,169</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 26px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 26px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,570</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 26px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 26px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">129,169</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 26px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 26px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,570</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Actuarial gain (losses) of post-employment benefits, net</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.g.1</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">156</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">156</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.g.1</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,623)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(23,219)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,918)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(29,996)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Actuarial gain (losses) of post-employment benefits of joint ventures, net</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.g.1</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">875</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,791)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">875</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,791)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total comprehensive income for the year</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">703,879</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">327,768</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">726,898</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">350,430</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">703,879</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">327,768</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">703,879</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">327,768</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,662</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><br></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><br></p>
</div>
</div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><br></p>
<div style="/* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<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 class="horizontalLineRemoved" 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>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman';">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<div style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="B5_1LA2OX9VW000000000000000000000" class="customBookmark"><font style="font-family: 'Times New Roman';">Statements of Changes in Equity</font></a></div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">For the </font><font style="font-family: 'Times New Roman'; font-weight: bold;">years</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </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;">December</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> 3</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</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></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian Reais, except earnings per share)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 512px; width: 96.201%; margin: 0px; text-indent: 0px;" width="100%">

<tr style="height: 10px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 11.1111%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Profit reserve</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 13.0191%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Equity attributable to:</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 50px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 50px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman'; color: #0563c1; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Note</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Share capital</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Equity instrument granted</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Capital reserve</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Treasury shares</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Revaluation reserve on subsidiaries</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Legal reserve</font></p>
</td>
<td style="width: 1.23457%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Investments statutory reserve</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Valuation adjustments</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Cumulative translation adjustments</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Retained earnings</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Additional dividends to the minimum mandatory dividends</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Shareholders of the Company</font></p>
</td>
<td style="width: 1.23457%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Non-controlling interests in subsidiaries</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Consolidated equity</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Balance as of December 31, 2019</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">5,171,752</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">11,970</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">542,400</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">(485,383)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">4,522</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">705,341</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">3,290,073</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">(146,317)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">102,427</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">-</font><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">261,470</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">9,458,255</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">376,920</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">9,835,175</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Net income for the year</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">893,383</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">893,383</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">34,314</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">927,697</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Other comprehensive income:</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 29px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Fair value adjustments of available for financial instruments, net of income taxes:</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Company</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">25.g.1</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">126</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">126</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">126</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Subsidiaries</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><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></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(313,397)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(313,397)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(313,397)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Joint ventures</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><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></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">190</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">190</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">190</font></p>
</td>
</tr>
<tr style="height: 29px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Actuarial (gain) losses of post-employment benefits, net of income taxes:</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Company</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">25.g.1</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">156</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">156</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">156</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Subsidiaries</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><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></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(6,623)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(6,623)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(11,295)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(17,918)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Joint ventures</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><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></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">875</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">875</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">875</font></p>
</td>
</tr>
<tr style="height: 29px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Currency translation of foreign subsidiaries, including the effect of net investments hedge</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><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';">2</font></p>
</td>
<td style="width: 4.82604%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">129,169</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">129,169</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">129,169</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Total comprehensive income for the period</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(318,673)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">129,169</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">893,383</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">703,879</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">23,019</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">726,898</font></p>
</td>
</tr>
<tr style="height: 30px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 30px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><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></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">25.d</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">54,763</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">54,763</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">54,763</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Stock plan</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">8.c</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(3,114)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(3,685)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(6,799)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(6,799)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Equity instrument granted</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">25.b</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">4,526</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">4,526</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">4,526</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Equity instrument granted of subsidiaries</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">12.a; </font><font style="font-family: 'Times New Roman';">25.b</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">5,908</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">5,908</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">5,908</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Income and social contribution taxes on realization of revaluation reserve of subsidiaries</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">25.e</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(185)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">185</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Transfer to statutory reserve</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font>(774)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">774</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
</tr>
<tr style="height: 22px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Loss due to the payments fixed dividends to preferred shares</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(1,001)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(1,001)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">1,001</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Shareholder transaction &#8211; changes of </font><font style="font-family: 'Times New Roman';">investiments</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">42</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">42</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(42)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">-</font></p>
</td>
</tr>
<tr style="height: 22px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Dividends attributable to non-controlling interests</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(24,379)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(24,379)</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Approval of additional dividends by the Shareholders&#8217; Meeting</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">25.h</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(261,470)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(261,470)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(261,470)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Allocation of net income:</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Legal reserve</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">25.f; 25.h</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">44,669</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(44,669)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Investments statutory reserve</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">25.f; 25.h</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">368,966</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(368,966)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Proposed dividends (R$ 0.44 per share)</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">25.h</font></p>
</td>
<td style="width: 4.82604%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(479,748)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">55,391</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(424,357)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(424,357)</font></p>
</td>
</tr>
<tr style="height: 11px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Balance as of December 31, 2020</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 11px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 11px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">5,171,752</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 11px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">22,404</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 11px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">594,049</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 11px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 11px; border-bottom: 2.8pt double #000000; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">(489,068)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 11px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 11px; border-bottom: 2.8pt double #000000; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">4,337</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 11px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 11px; border-bottom: 2.8pt double #000000; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">750,010</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 11px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 11px; border-bottom: 2.8pt double #000000; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> 3,658,265</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 11px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 11px; border-bottom: 2.8pt double #000000; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">(464,990)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 11px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 11px; border-bottom: 2.8pt double #000000; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">231,596</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 11px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 11px; border-bottom: 2.8pt double #000000; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">-</font><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 11px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 11px; border-bottom: 2.8pt double #000000; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">55,391</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 11px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 11px; border-bottom: 2.8pt double #000000; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">9,533,746</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 11px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 11px; border-bottom: 2.8pt double #000000; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">376,519</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 11px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 11px; border-bottom: 2.8pt double #000000; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">9,910,265</font></p>
</td>
</tr>

</table>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman';">The accompanying notes are an integral part of the </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">.</font></p>
</div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><br></p>
</div>
</div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><br></p>
<div style="/* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<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 class="horizontalLineRemoved" 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-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman';"><br></font></p>
<div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman';">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman';">Statements of Changes in Equity</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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;">years</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </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;">December</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> 3</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</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></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-style: italic;">(In thousands of Brazilian Reais, except earnings per share)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin: 0px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 543px; width: 96.201%; text-indent: 0px;" width="100%">

<tr style="height: 10px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 11.1111%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Profit reserve</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 13.0191%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Equity attributable to:</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 50px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 50px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman'; color: #0563c1; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Note</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Share capital</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Equity instrument granted</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Capital reserve</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Treasury shares</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Revaluation reserve on subsidiaries</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Legal reserve</font></p>
</td>
<td style="width: 1.23457%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Investments statutory reserve</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Valuation adjustments</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Cumulative translation adjustments</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Retained earnings</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Additional dividends to the minimum mandatory dividends</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Shareholders of the Company</font></p>
</td>
<td style="width: 1.23457%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Non-controlling interests in subsidiaries</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 50px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Consolidated equity</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Balance as of December 31, 2018</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">5,171,752</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">4,309</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">542,400</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">(485,383)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">4,712</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">686,665</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">3,412,427</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">(63,989)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">65,857</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">-</font><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">109,355</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">9,448,105</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">351,924</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">9,800,029</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Net income for the year</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">373,526</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">373,526</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">29,418</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">402,944</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Other comprehensive income:</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 30px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 30px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Fair value adjustments of available for financial instruments, net of income taxes:</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Company</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">25.g.1</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">6</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">6</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">21</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">27</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Subsidiaries</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><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></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(51,346)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(51,346)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(51,346)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Joint ventures</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><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></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(978)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(978)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(978)</font></p>
</td>
</tr>
<tr style="height: 29px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Actuarial losses of post-employment benefits, net of income taxes</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><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></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(30,010)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(30,010)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(6,777)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 29px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(36,787)</font></p>
</td>
</tr>
<tr style="height: 30px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 30px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Currency translation of foreign subsidiaries, including the effect of net investments hedge</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><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';">2</font></p>
</td>
<td style="width: 4.82604%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">36,570</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">36,570</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">36,570</font></p>
</td>
</tr>
<tr style="height: 22px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Total comprehensive income for the period</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(82,328)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">36,570</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">373,526</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">327,768</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">22,662</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; border-top: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">350,430</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Equity instrument granted </font><font style="font-family: 'Times New Roman';">os</font><font style="font-family: 'Times New Roman';"> subsidiaries</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">12.a; </font><font style="font-family: 'Times New Roman';">25.b</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">7,661</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">7,661</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">7,661</font></p>
</td>
</tr>
<tr style="height: 30px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 30px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><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></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,489</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,489</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(1,489)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Realization of revaluation reserve of subsidiaries</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">25.e</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(190)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">190</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></p>
</td>
</tr>
<tr style="height: 30px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 30px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Income and social contribution taxes on realization of revaluation reserve of subsidiaries</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">25.e</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(31)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(31)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 30px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(31)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Transfer to statutory reserve</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,648</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(1,648)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
</tr>
<tr style="height: 22px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Dividends attributable to non-controlling interests</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(993)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(993)</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><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></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(2,180)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(2,180)</font></p>
</td>
</tr>
<tr style="height: 22px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Capital increase from Iconic non-controlling shareholders</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">6,996</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">6,996</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Approval of additional dividends by the Shareholders&#8217; Meeting</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">25.h</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(109,355)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(109,355)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(109,355)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Allocation of net income:</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Legal reserve</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">25.f; 25.h</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">18,676</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(18,676)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
</tr>
<tr style="height: 22px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Interim dividends (R$ 0.20 per share of the Company)</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">25.h</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(217,382)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(217,382)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(217,382)</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #cceeff;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 6pt;"><font style="font-family: 'Times New Roman';">Proposed dividends (R$ 0.24 per share of the Company)</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">25.h</font></p>
</td>
<td style="width: 4.82604%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 5.27497%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 4.15264%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(124,002)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">(137,468)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">261,470</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; border-bottom: 0.75pt solid #000000; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 22px; background-color: #cceeff; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman';">-</font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="width: 6.95847%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Balance as of December 31, 2019</font></p>
</td>
<td style="width: 3.25477%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: center; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.82604%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 13px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">5,171,752</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 13px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">11,970</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 13px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">542,400</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; border-bottom: 2.8pt double #000000; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">(485,383)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; border-bottom: 2.8pt double #000000; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">4,522</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.15264%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; border-bottom: 2.8pt double #000000; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">705,341</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; border-bottom: 2.8pt double #000000; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">3,290,073</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; border-bottom: 2.8pt double #000000; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">(146,317)</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.72391%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; border-bottom: 2.8pt double #000000; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">102,427</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 4.60157%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; border-bottom: 2.8pt double #000000; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold;">-</font><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp; </font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.27497%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; border-bottom: 2.8pt double #000000; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">261,470</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.17284%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; border-bottom: 2.8pt double #000000; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">9,458,255</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 5.61167%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; border-bottom: 2.8pt double #000000; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">376,920</font></p>
</td>
<td style="width: 1.23457%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: ignore;">&nbsp;</font></p>
</td>
<td style="width: 6.06061%; padding-right: 0px; padding-left: 0px; vertical-align: bottom; height: 13px; border-bottom: 2.8pt double #000000; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-align: right; font-size: 6pt; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold;">9,835,175</font></p>
</td>
</tr>

</table>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman';">The accompanying notes are an integral part of the financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">.</font></p>
</div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><br></p>
</div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><br></p>
<div style="/* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<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 class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p><br></p>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar Participa&#231;&#245;es S.A. and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Subsidiaries</font></font><br></p>
<div>
<div style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="B6_SJGSJWX67K00000000000000000000" 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-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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;">years</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;">December</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> 3</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</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-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian Reais)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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; height: 786px; width: 100%;" width="100%">

<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Note</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 46%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Cash flows from operating activities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 8%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Net income for the year</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">893,383</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">373,526</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">927,697</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">402,944</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Adjustments to reconcile net income to cash provided by operating activities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(950,566)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(394,793)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,617</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,145</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">289,436</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">355,250</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization of right to use assets</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,690</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">328,322</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">300,058</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Depreciation and amortization</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14; 15</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,775</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">938,841</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">844,647</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">PIS and COFINS credits on depreciation</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14; 15</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,683</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,918</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest and foreign exchange rate variations</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99,209</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,346</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">904,937</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,248,741</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred income and social contribution taxes</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9.b</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(23,246)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(27,579)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(87,939)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(97,465)</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(76,150)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30,019</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Impairment</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15.a; 28</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">593,280</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Expected losses on doubtful accounts</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,947</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30,003</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for losses in inventories</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">269</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(816)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for post-employment benefits</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20.b</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,195)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(22,950)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,682</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equity instrument granted</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8.c</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,526</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,434</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,661</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision of decarbonization - CBIO</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15; 29</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">124,287</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for tax, civil, and labor risks</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22.a; 22.c</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(119)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(399)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,817</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,604</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other provisions and adjustments</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">895</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(795)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,364</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,352</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,101</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,428,453</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,761,035</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">(Increase) decrease in current assets</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade receivables and reseller financing</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">209,468</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">361,563</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Inventories</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(125,001)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(357,553)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Recoverable taxes</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,683</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,045)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,748</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(550,805)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends received from subsidiaries and joint ventures</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">299,749</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,521,209</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,836</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,108</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other receivables</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(51,979)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,731)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(20,191)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,737</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Prepaid expenses</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,612)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(173)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(74,622)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(15,507)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Increase (decrease) in current liabilities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade payables</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,697</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,901</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,147,541</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(31,605)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Salaries and related charges</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,442</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">730</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">62,994</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(22,556)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Taxes payable</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">423</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11,174)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,092</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,917</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income and social contribution taxes</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,264</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,238)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">347,224</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">250,486</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Post-employment benefits</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20.b</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,874)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(16,704)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other payables</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,153</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,970)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">307</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">66,819</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred revenue</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,344)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,054</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">(Increase) decrease in non-current assets</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trade receivables and reseller financing</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(73,036)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,422</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Recoverable taxes</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,238</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(863,706)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(19,526)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Escrow deposits</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(28,353)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(39,936)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other receivables</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(27,751)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(797)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Prepaid expenses</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,633)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(225)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,965</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,379)</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
</div>
</div>
<div style="/* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" 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>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<div><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></div>
<div>
<div><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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;">years</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> ended </font><font style="font-family: 'Times New Roman'; font-weight: bold;">December</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> 3</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</font><font style="font-family: 'Times New Roman'; font-weight: bold;">, 2020 and 2019</font></font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian Reais)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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; height: 598px; width: 100%;" width="100%">

<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Parent</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">12/31/2020</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">12/31/2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">12/31/2020</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 46%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Increase (decrease) in non-current liabilities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 8%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 2%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 2%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 2%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Post-employment benefits</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20.b</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,958</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,072</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(15,415)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other payables</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,240</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(939)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(49,282)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,698</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred revenue</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11,850)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Acquisition of CBIO</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(125,345)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(356,045)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(330,068)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payments of contingencies</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(45,367)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(25,080)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income and social contribution taxes paid</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(342,664)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(141,206)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Net cash provided by operating activities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">354,752</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,510,667</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,138,119</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,924,852</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Cash flows from investing activities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments, net of redemptions</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,729</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">470,101</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,116,774)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(555,378)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Acquisition of property, plant, and equipment</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,539)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,532)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(965,747)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,020,042)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Acquisition of intangible assets</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,111)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(185,067)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(151,997)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capital increase in subsidiary</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(97,956)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,453,964)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capital increase in joint ventures</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12.b</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(28,840)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(79,124)</font></p>
</td>
</tr>
<tr style="height: 16px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Initial direct costs of right to use assets</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(68,007)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">160,023</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,287</font></p>
</td>
</tr>
<tr style="height: 16px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Net cash used in investing activities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(112,877)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(986,395)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,136,405)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,835,261)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Cash flows from financing activities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Loans and debentures</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 20pt; margin-bottom: 0pt; text-indent: 0.75pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Proceeds</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">994,996</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,591,624</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,105,737</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 20pt; margin-bottom: 0pt; text-indent: 0.75pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Repayments</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,795,002)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,644,704)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 20pt; margin-bottom: 0pt; text-indent: 0.75pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest paid</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(68,788)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(112,675)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(740,853)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,469,780)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payments of lease</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,256)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(360,787)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(321,716)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends paid</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25.h</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(261,422)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(594,381)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(284,767)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(596,436)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,180)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capital increase from Iconic non-controlling shareholders</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,996</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Related parties</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8.a</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,664</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">53,049</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,548)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(146)</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Net cash provided by (used in) financing activities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">664,194</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(654,007)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(592,333)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,922,229)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Effect of exchange rate changes on cash and cash equivalents in foreign currency</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">136,734</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,066</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Increase (decrease) in cash and cash equivalents</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">906,069</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(129,735)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">546,115</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,823,572)</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Cash and cash equivalents at the beginning of the year</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,580</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">172,315</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,115,379</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,938,951</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Cash and cash equivalents at the end of the year</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">948,649</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,580</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,661,494</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,115,379</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Transactions without cash effect:</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,245</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">484,121</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">334,857</font></p>
</td>
</tr>
<tr style="height: 14px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">193,040</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 14px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reversion fund &#8211; private pension</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">10; </font><font style="font-family: 'Times New Roman';">20.a</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,088</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 14px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
</div>
</div>
</div>
<div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
</div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" 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><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar Participa&#231;&#245;es S.A. and</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Subsidiaries</font></font></p>
<div style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="B7_KY4A0TLNWW00000000000000000000" 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-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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;">years</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </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;">December</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> 3</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</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-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian Reais, except percentages)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-right: auto; margin-left: auto; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 738px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 26.9608%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="7" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 31.25%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Parent</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="7" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 33.4559%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 26.9608%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Note</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">12/31/2020</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">%</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">12/31/2019</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">%</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">12/31/2020</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">%</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">12/31/2019</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">%</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 26.9608%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Revenue</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 26.9608%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Gross revenue from sales and services, except rents and royalties</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">87,582,515</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95,034,980</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 26.9608%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Rebates, discounts, and returns</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,871,825)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,494,814)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 26.9608%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Expected losses on doubtful accounts</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,947)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(30,003)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 26.9608%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(289,436)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(355,250)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 51px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; width: 26.9608%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28; 29</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">297,544</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">149,606</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 26.9608%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">85,704,851</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">93,304,519</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 26.9608%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Materials purchased from third parties</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 26.9608%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Raw materials used</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,098,913)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,621,164)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 26.9608%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost of goods, products, and services sold</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(69,648,742)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(77,651,614)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 26.9608%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Third-party materials, energy, services, and others</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">172,813</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,255</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,743,436)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,657,370)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 26.9608%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Impairment</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15.a; 28</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,280)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 26.9608%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(Loss) recovery of assets</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(44,763)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(29,876)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 26.9608%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">172,814</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,255</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(78,535,854)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(86,553,304)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 26.9608%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Gross value added</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">172,814</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,255</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,168,997</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,751,215</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 26.9608%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 26.9608%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Deductions</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 26.9608%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Depreciation and amortization</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13.a; 14; 15</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,465)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,267,163)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,144,705)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 26.9608%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">PIS and COFINS credits on depreciation</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14; 15</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(15,683)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,918)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 26.9608%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,465)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,282,846)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,159,623)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 26.9608%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Net value added by the Company</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">165,349</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,255</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,886,151</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,591,592</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 26.9608%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Value added received in transfer</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 26.9608%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">950,566</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">394,793</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(43,617)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(12,145)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 26.9608%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Rents and royalties</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">110,929</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">144,354</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 26.9608%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial income</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,022</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">73,201</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">527,710</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">457,289</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 26.9608%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">993,588</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">467,994</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">595,022</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">589,498</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 26.9608%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Total value added available for distribution</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,158,937</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">480,249</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,481,173</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,181,090</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 26.9608%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Distribution of value added</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 26.9608%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Labor and benefits</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">134,453</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,890</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,965,227</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,098,706</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 26.9608%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Taxes, fees, and contributions</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,374</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; margin: 0pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; ;font-style: normal; ;text-decoration: none; ;font-weight: normal; ;color: black;">-</font></font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(23,016)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,959,368</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">45</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,798,355</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">45</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 26.9608%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial expenses and rents</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">129,727</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">119,849</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">628,881</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">881,085</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 26.9608%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends distributed</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">479,748</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">354,850</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">74</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">504,127</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">355,843</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 26.9608%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Retained earnings</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">413,635</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,676</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">423,570</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,101</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 26.9608%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Value added distributed</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 6.37255%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,158,937</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; width: 8.57843%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">480,249</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,481,173</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,181,090</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 1.59314%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 4.65686%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">.&nbsp;</font></font></p>
</div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><br></p>
</div>
</div>
<div style="/* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" 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; /* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;&nbsp;</font></p>
<div style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="B8_0O3FL19II800000000000000000000" class="customBookmark"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></a><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></div>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000; text-indent: 0pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian Reais, unless otherwise stated)</font></i></font></p>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1. Operations</font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; font-size: 10pt;">a. Clarifications on the impacts of COVID-19</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; 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: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">Since the beginning of the coronavirus pandemic, the Company and its subsidiaries acted in numerous initiatives to ensure the safety and security of its employees and the stability and continuity of its operations and partners, 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.</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><br></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">The Company and its subsidiaries quickly adopted the work at home (expressed by home office) for the administrative public, with all the necessary support for the operational continuity. In addition to basic safety concerns with employees, companies realizes several initiatives aimed at welfare, such as virtual meetings, psychological support and concern for ergonomics, following the principle of valuing people.</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">Through a multidisciplinary committee, a plan for the gradual resumption of employees from administrative areas to offices was structured and included the adoption of numerous preventive measures and intensification of cleaning and safety, according to the guidelines of the state governments and municipal and health entities.</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US"><font style="font-family: 'times new roman', times; font-size: 10pt;">For the purpose to preserve job positions and mitigate the impacts of the crisis, the Company and its subsidiaries made use of 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></font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US"><font style="font-family: 'times new roman', times; font-size: 10pt;">The emergency measures and speed in answer to the first effects of the crisis, as well as initiatives to support the supply chain, were effective to keep the activities of the subsidiaries in operation, ensuring the delivery of essential services to the population and preserving the health and security of employees and partners.</font></font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><br></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>16</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">Remains uncertain to what extent the financial informations, after December 31, 2020, may still be affected by the commercial, operational and financial impacts of the pandemic, because it will depend on its duration and the impacts on economic activities, as well as government, business in response to the crisis. In this context, some financial risk assessments, projections and impairment tests, in connection with the preparation of these financial statements, may be impacted by the pandemic, and may adversely affect the financial position of the Company and its subsidiaries.</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><br></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><u><font lang="EN-US">Operational impacts</font></u></b></font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">The implemented measures of social isolation, restrictions on the movement of people and the operation of certain businesses significantly impacted economic activity in Brazil.</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">Ultragaz presented in the second quarter a reduction in the volume sold in the bulk segment, because of the lower demand from industries and small and medium-sized companies, that were directly impacted by the social isolation measures. However, this effect was compensated by the increase in sales in the bottled segment, due to the higher demand for LPG for residential use. In terms of costs and expenses, Ultragaz incurred additional freight expenses, due to the need to remove LPG on more distant supply bases, protection materials and temporary workers, in addition to numerous donations to hospitals focused in the pandemic and needy communities. </font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">There was no record of an increase in clients payment defaults in the period. On the second semester, Ultragaz had a recovery in volume in the bulk segment, due the resumption of the industry, while sales in the bottled segment continued gradually returning to pre-pandemic levels.</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">Ultracargo recorded a lower movement of fuels in the second quarter, due to the retraction in demand and a reduction in spot contracts. Addittionaly, approximately R$ 2 million was recorded in extra expenses with protective materials and donations. The performance of measures to increase productivity and recovered tax credits contributed to the improvement in results in the second quarter. In the second semester, Ultracargo showed an increase in product movement and cubic meters invoiced, the result of capacity expansions throughout the second semester of 2019 until the first semester of 2020.</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">At Oxiteno, the paint, automotive and oil &amp; gas segments suffered a retraction in demand in the second quarter, an effect that was partially compensated by the higher sales volume in the Home &amp; Personal Care and Crop Solutions segments. In the third quarter, Oxiteno had a recovery in sales volume for the automotive fluids, paint and varnishes, with maintenance of increasing volumes for the hygiene and beauty sector. In the fourth quarter, Oxiteno's volume was practically in line with the third quarter. In addition, the USA unit continued to ramp-up, contributing to the increase in sales volume in the period and the recovery of the company's profitability.</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">Ipiranga was the business most impacted by the crisis due to the measures for isolation and social distancing. In April, volumes sold for the Otto cycle and diesel registered a reduction of 37% and 17%, respectively, compared to the same period of the last year. In May and June, volumes sold improved gradually compared to April. In addition, the strong volatility in the prices of oil and oil products since the end of March, combined with a abrupt fall in the price of ethanol in April, caused significant inventories losses in the second quarter. To mitigate these effects, the company acted promptly with initiatives to retain cash and reduce expenses in several areas, which made it possible to reduce general, administrative and sales expenses by 32% in the annual comparison.</font></p>
</div>
</div>
<p style="margin: 0px; line-height: 115%; font-size: 11pt; text-indent: 0px;"><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'>17</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">The level of default recorded a slight increase and remained at regular levels for the period. In the third quarter, it is observed 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 in the second half of 2020 compared to the second quarter of 2020. In the fourth quarter, the volume sold was 5% higher than the third quarter, with an 18% growth in the otto cycle, as a result of the gradual recovery over the months, attenuated by the 5% reduction in diesel.</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">Extrafarma presented a reduction in revenues approximately of R$ 45 million in the second quarter, mainly due to the temporary closure of stores located in malls and of the reduction of operation hours in stores that remained open. To oppose this effect, sales were implemented through alternative delivery channels and partnerships with delivery applications. In addition, the extension of Provisional Measure 936 by the government, involving the suspension of contracts and temporary reduction in wages, other internal productivity gain initiatives, contributed to the reduction of expenses in the amount of R$ 8 million, minimizing the impact on the second quarter&#8217;s result. In the third quarter, Extrafarma reopened the stores located in malls, contributing to an increase in revenue and cost dilution compared to the second quarter. During the fourth quarter, stores located in malls remained with a flow of people below the pre-pandemic period.<br><br><b style="mso-bidi-font-weight: normal;"><u></u></b></font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><u><font lang="EN-US">Main risks and associated measures</font></u></b></font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">Credit risk - the subsidiary Ipiranga implemented a help package for Ipiranga resellers, including anticipation of sales credits through the Abastece A&#237; application, postponement of lease and financing payments and temporary suspension of volume performance clauses. These actions softened the impacts of the pandemic on Ipiranga&#8217;s clients' financial condition and, consequently, mitigated its potential effects on Ipiranga's default rates, that remained at the same levels as 2019. The effects of expected losses on doubtful accounts of quarter ended December 31, 2020 are disclosed in Notes 5 and 33.d.</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">Risk of impairment and intangible assets of indefinite useful life - the Company and its subsidiaries reviewed the projections used in impairment tests and assets allocated to cash generation units, considering the current impacts of the pandemic. The impairment tests did not indicate the need to recognize a provision for losses as of December 31, 2020.</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">Risk of realization of deferred tax assets - the Company and its subsidiaries realized technical feasibility study of the constitution and realization of deferred tax credits, considering the current projections approved by the Board of Directors for each business segment and did not identify the need for write-offs for the period ended on December 31, 2020.</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">Risks in financial instruments - the increase in volatility in financial markets may impact financial results according to sensitivity analyzes presented in Note 33.</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">Liquidity risk &#8211; with the objective to strengthen the Company's liquidity and cash position, in view of the uncertainty generated by the pandemic, at the end of March and start April 2020, the Company and the subsidiary IPP contracted R$ 1.5 billion in new financing maturing in one year. </font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US"><font style="font-family: 'times new roman', times; font-size: 10pt;">Of this total, R$ 1.3 billion was obtained through the issuance of promissory notes with credit in April 2020 of which R$ 0.3 billion was paid in advance in November 2020. 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 year of 2020. 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">In July 2020, the Company reopened bonds issued on the market maturing in 2029 and raised US$ 350 million with a coupon of 5.25% per year. The proceeds were used to pay debts maturing in the short term, allowing the Company's debt profile to be lengthened, in addition to strengthening its cash position.</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US" style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0cm 0cm 0.0001pt; text-align: justify; font-size: 11pt; font-family: 'Times New Roman', serif; color: #000000;"><font lang="EN-US"><font style="font-family: 'times new roman', times; font-size: 10pt;">The management of the Company and its subsidiaries maintained discipline in control of costs and expenses to preserve cash in all business and selectivity in the allocation of capital without compromising sustainable business growth.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>18</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">2. Presentation </font><font style="font-family: 'Times New Roman';">of </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';">statements</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">ummary </font><font style="font-family: 'Times New Roman';">of </font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">ignificant </font><font style="font-family: 'Times New Roman';">a</font><font style="font-family: 'Times New Roman';">ccounting </font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">olicies </font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';"> (&#8220;financial </font><font style="font-family: 'Times New Roman';">statements</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';">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 </font><font style="font-family: 'Times New Roman';">Financial Reporting</font><font style="font-family: 'Times New Roman';"> Standard</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> (&#8220;</font><font style="font-family: 'Times New Roman';">IFRS</font><font style="font-family: 'Times New Roman';">&#8221;) </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';">the accounting policies adopted in Brazil</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The accounting policies adopted in Brazil include those in the Brazilian corporate law and in the Pronouncements, Orientations and Interpretations </font><font style="font-family: 'Times New Roman';">issued by the Accounting Pronouncements Committee </font><font style="font-family: 'Times New Roman';">(&#8220;</font><font style="font-family: 'Times New Roman';">CPC</font><font style="font-family: 'Times New Roman';">&#8221;)</font><font style="font-family: 'Times New Roman';"> and approved by the Brazilian </font><font style="font-family: 'Times New Roman';">Federal Accounting Council (&#8220;CFC&#8221;) and the Brazilian </font><font style="font-family: 'Times New Roman';">Securities and Exchange Commission (&#8220;CVM&#8221;)</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">financial </font><font style="font-family: 'Times New Roman';">statements</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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">financial </font><font style="font-family: 'Times New Roman';">statements</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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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 </font><font style="font-family: 'Times New Roman';">years</font><font style="font-family: 'Times New Roman';"> presented in </font><font style="font-family: 'Times New Roman';">these&nbsp;</font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">a. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Recognition of revenue</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';"> and freight mode of delivery</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 </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';">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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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 each 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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>
</div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>19</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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 </font><font style="font-family: 'Times New Roman';">R$ 63,746</font><font style="font-family: 'Times New Roman';"> in </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';">61,589</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';">2019</font><font style="font-family: 'Times New Roman';">).</font><font style="font-family: 'Times New Roman';">&nbsp;</font></font></p>
<p style="margin: 0px; line-height: 115%; font-size: 11pt; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">b. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Cash and </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">c</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ash </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">e</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">quivalents</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0px; line-height: 115%; font-size: 11pt; text-indent: 0px;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">c. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Financial assets</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&nbsp;</font></font></p>
<p style="margin: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 10.06pt; text-align: justify; padding-left: 4.14pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><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-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 10.06pt; text-align: justify; padding-left: 4.14pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><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></li>
</ul>
<p style="margin-top: 2pt; margin-left: 36pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 10.06pt; text-align: justify; padding-left: 4.14pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Measured at fair value through profit or loss: financial assets </font><font style="font-family: 'Times New Roman';">that were </font><font style="font-family: 'Times New Roman';">not classified as amortized cost or measured at fair value through other comprehensive income. </font><font style="font-family: 'Times New Roman';">The b</font><font style="font-family: 'Times New Roman';">alances are stated at fair value and both </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 </font><font style="font-family: 'Times New Roman';">exchange variations and changes in fair value are r</font><font style="font-family: 'Times New Roman';">ecognized</font><font style="font-family: 'Times New Roman';"> in the income statement. Investment funds and derivative</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> are classified as measured at fair value through profit or loss.</font></font></li>
</ul>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>20</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin: 0px; line-height: 115%; font-size: 11pt; text-indent: 0px;"><br></p>
<p style="margin: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 10.06pt; text-align: justify; padding-left: 4.14pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><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';">must be</font><font style="font-family: 'Times New Roman';"> discontinued when the hedge becomes ineffective.</font></font></li>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 10.06pt; text-align: justify; padding-left: 4.14pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><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</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> or loss</font><font style="font-family: 'Times New Roman';">es</font><font style="font-family: 'Times New Roman';"> 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';">shall be</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';">shall be</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';">shall be</font><font style="font-family: 'Times New Roman';"> recognized immediately in profit or loss.</font></font></li>
</ul>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 10.06pt; text-align: justify; padding-left: 4.14pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Hedge accounting &#8211;</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">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';">shall be</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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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>
</div>
<p style="margin: 0px; line-height: 115%; font-size: 11pt; text-indent: 0px;"><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'>21</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">d. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Trade receivables and reseller financing</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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</font><font style="font-family: 'Times New Roman';">.a</font><font style="font-family: 'Times New Roman';"> 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';">for </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';">when</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';">, considering the customers&#8217; </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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Reseller financing is provided at subsidized rate for renovation and upgrading of service stations, purchase of products and development of the automotive fuels and lubricants distribution market</font><font style="font-family: 'Times New Roman';"> (see Notes 5.b and 33.d.3).</font><font style="font-family: 'Times New Roman';"> The terms of reseller financing range between 12 and 60 months, with an average term of 40 months. The minimum and maximum </font><font style="font-family: 'Times New Roman';">subsisted</font><font style="font-family: 'Times New Roman';"> interest rates are 0% per month and 1% per month respectively. These financing are remeasured at a market rate for working capital loans and the remeasurement adjus</font><font style="font-family: 'Times New Roman';">t</font><font style="font-family: 'Times New Roman';">ment between the market rate and the rate subsidized is recognized as a reduction to the reseller&#8217;s revenue at the beginning of the contract. Throughout the contract, the interest appropriated by the market rate is recognized to the financial result.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 10pt; line-height: 115%; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">e. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Inventories</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">f. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Contractual assets with customers &#8211; exclusive rights</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">g. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Investments</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">financial </font><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 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>22</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin: 0px; line-height: 115%; font-size: 11pt; text-indent: 0px;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">financial </font><font style="font-family: 'Times New Roman';">statements</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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">h. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Right to use assets and lease payable</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';"> </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. </font><font style="font-family: 'Times New Roman';">The Company and its subsidiaries have no intention in purchasing the underlying asset. </font><font style="font-family: 'Times New Roman';">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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Property, plant, and equipment</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>23</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin: 0px; line-height: 115%; font-size: 11pt; text-indent: 0px;"><br></p>
<p style="margin: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">j. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Intangible </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">a</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ssets</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Intangible assets include assets acquired by the Company and its subsidiaries from third parties,</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';">are recognized</font><font style="font-family: 'Times New Roman';"> according to the criteria below:</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 10.06pt; text-align: justify; padding-left: 4.14pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><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-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 10.06pt; text-align: justify; padding-left: 4.14pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">k. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Other assets</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">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</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';">the</font><font style="font-family: 'Times New Roman';"> provision</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> for loss</font><font style="font-family: 'Times New Roman';">es</font><font style="font-family: 'Times New Roman';"> and, if applicable, </font><font style="font-family: 'Times New Roman';">adjusted</font><font style="font-family: 'Times New Roman';"> to present value.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">l. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">F</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">inancial </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">l</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">iabilities</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The financial liabilities include trade payables, loans, </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';">,</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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>24</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">m. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Income and </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">s</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ocial </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">c</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ontribution </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">t</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">axes on </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ncome</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">financial </font><font style="font-family: 'Times New Roman';">statements</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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">n. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Provision for </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">a</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">sset </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">r</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">et</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">rement </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">o</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">bligation &#8211; </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">f</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">uel </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">t</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">anks</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">located at</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 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 </font><font style="font-family: 'Times New Roman';">asset</font><font style="font-family: 'Times New Roman';">. 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">o. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Provisions for </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">t</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ax, </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">c</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ivil, and </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">l</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">abor </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">r</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">isks</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">p. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Post-</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">e</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">mployment </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">b</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">enefits</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">q. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Other </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">l</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">iabilities</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">r. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Foreign </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">c</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">urrency </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">t</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ransactions</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">financial </font><font style="font-family: 'Times New Roman';">statements</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>
</div>
<div style="border-right: none; border-left: none;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>25</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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="border-right: none; border-left: none;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
</div>
<p style="margin: 0px; line-height: 115%; font-size: 11pt; text-indent: 0px;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">s. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Basis for </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">t</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ranslation of </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">f</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">inancial </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">statements</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"> of </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">f</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">oreign </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">s</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ubsidiaries</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; font-size: 10pt;">s.1 Subsidiaries with administrative autonomy</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">financial </font><font style="font-family: 'Times New Roman';">statements</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 </font><font style="font-family: 'Times New Roman';">if </font><font style="font-family: 'Times New Roman';">and when</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">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';">December</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';">1</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$ 231,</font><font style="font-family: 'Times New Roman';">596</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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 0px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 75%; margin-left: auto; margin-right: auto;" width="75%">

<tr style="height: 15px;">
<td style="vertical-align: bottom; height: 15px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; text-decoration: underline; font-size: 8pt;">Subsidiary</font></p>
</td>
<td style="vertical-align: bottom; height: 15px; border-bottom: 1pt solid #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Functional</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;"> curr</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">ency</font></p>
</td>
<td style="vertical-align: bottom;"><br></td>
<td style="vertical-align: bottom; height: 15px; border-bottom: 1pt solid #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Location</font></p>
</td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 15px; background-color: #cceeff; width: 68%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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: top; height: 15px; background-color: #cceeff; width: 15%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexican Peso</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff; width: 2%;"><br></td>
<td style="vertical-align: bottom; height: 15px; background-color: #cceeff; width: 15%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</font></p>
</td>
</tr>
<tr style="height: 15px;">
<td style="vertical-align: bottom; height: 15px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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>
</td>
<td style="vertical-align: top; height: 15px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexican Peso</font></p>
</td>
<td style="vertical-align: top;"><br></td>
<td style="vertical-align: bottom; height: 15px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</font></p>
</td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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>
</td>
<td style="vertical-align: top; height: 15px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexican Peso</font></p>
</td>
<td style="vertical-align: top; background-color: #cceeff;"><br></td>
<td style="vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</font></p>
</td>
</tr>
<tr style="height: 15px;">
<td style="vertical-align: bottom; height: 15px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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>
</td>
<td style="vertical-align: bottom; height: 15px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">U.S. Dollar</font></p>
</td>
<td style="vertical-align: bottom;"><br></td>
<td style="vertical-align: bottom; height: 15px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">United States</font></p>
</td>
</tr>
<tr style="height: 15px; background-color: #cceeff;">
<td style="vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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>
</td>
<td style="vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">U.S. Dollar</font></p>
</td>
<td style="vertical-align: bottom; background-color: #cceeff;"><br></td>
<td style="vertical-align: bottom; height: 15px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Uruguay</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 9pt;"><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';">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: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">s.2 Subsidiaries without </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">self-</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">administrative autonomy</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';">. 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';">in</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$ 30,928</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';">2,444 </font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">in</font><font style="font-family: 'Times New Roman';"> 2019</font><font style="font-family: 'Times New Roman';">).</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">t. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Use of </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">e</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">stimates, </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">a</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ssumptions and </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">j</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">udgments</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The preparation of the </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';"> </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';">financial </font><font style="font-family: 'Times New Roman';">statements</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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; font-size: 10pt;">t.1 Judgments</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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></p>
</div>
</div>
<div style="border-right: none; border-left: none;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>26</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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="border-right: none; border-left: none;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">t.2 Uncertainties </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">related to the</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"> assumptions and estimates</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">u. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Impairment of assets</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">.</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';">intangible assets with undefined useful life</font><font style="font-family: 'Times New Roman';"> the review is done annually</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';">cannot be</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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">may be</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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">No impairment was recognized </font><font style="font-family: 'Times New Roman';">on 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';">, 2020. </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>
</div>
</div>
<div style="border-right: none; border-left: none;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>27</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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="border-right: none; border-left: none;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
</div>
<p style="margin: 0px; line-height: 115%; font-size: 11pt; text-indent: 0px;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">v. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Business </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">c</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ombination</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';"> acquired company</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">is measured based on its interest in net assets </font><font style="font-family: 'Times New Roman';">identified in the </font><font style="font-family: 'Times New Roman';">acquired</font><font style="font-family: 'Times New Roman';"> company</font><font style="font-family: 'Times New Roman';">. 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</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> 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 style="font-family: 'Times New Roman';"> For the year ended on December 31, 2020 there are not business combinations.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">w. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Statements of value added</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">financial </font><font style="font-family: 'Times New Roman';">statements</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';"> 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';">, according to Law 11,638/07</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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">x. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Statements of </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">c</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ash </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">f</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">lows </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ndirect </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">m</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ethod</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&nbsp;</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">y. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Adoption of the pronouncements issued by CPC and IASB</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">and could have impact in </font><font style="font-family: 'Times New Roman';">th</font><font style="font-family: 'Times New Roman';">ese</font><font style="font-family: 'Times New Roman';"> financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';"> to </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';">, 2020</font><font style="font-family: 'Times New Roman';"> that have not been adopted by the Company</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">z. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Authorization for </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ssuance of the </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">f</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">inancial </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">statements</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">These</font><font style="font-family: 'Times New Roman';">&nbsp;financial </font><font style="font-family: 'Times New Roman';">statements</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';"> </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';">February</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';">4</font><font style="font-family: 'Times New Roman';">, </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></p>
</div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>28</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">3. </font><font style="font-family: 'Times New Roman';">Principles of </font><font style="font-family: 'Times New Roman';">c</font><font style="font-family: 'Times New Roman';">onsolidation</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';">i</font><font style="font-family: 'Times New Roman';">nvestments in </font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">ubsidiaries </font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">a. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Principles of </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">c</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">onsolidation</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">financial </font><font style="font-family: 'Times New Roman';">statements</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';">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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">financial </font><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';">subsidiaries to bring their accounting policies into line with the Company&#8217;s accounting policies.</font></font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<div style="border-right: none; border-left: none;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>29</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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="border-right: none; border-left: none;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">b. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Investments in </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">s</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ubsidiaries</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"> </font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The consolidated </font><font style="font-family: 'Times New Roman';">financial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';"> </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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-right: auto; margin-left: auto; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 764px; width: 100%;" width="100%">

<tr style="height: 13px;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="7" style="border-bottom: 1pt solid #000000; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">% interest in the share</font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">12</font><font style="font-family: 'Times New Roman'; font-weight: bold;">/3</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</font><font style="font-family: 'Times New Roman'; font-weight: bold;">/2020</font></font></p>
</td>
<td style="width: 0.78%; border-top: 1pt solid #000000; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Control</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-top: 1pt solid #000000; border-bottom: 1pt solid #000000; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Control</font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="width: 44.32%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Location</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Segment</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Direct</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Indirect</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Direct</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Indirect</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga Produtos de Petr&#243;leo S.A.</font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">am/pm </font><font style="font-family: 'Times New Roman';">Comest&#237;veis</font><font style="font-family: 'Times New Roman';"> Ltda.</font></font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Icorban</font><font style="font-family: 'Times New Roman';"> &#8211; </font><font style="font-family: 'Times New Roman';">Correspondente</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Banc&#225;rio</font><font style="font-family: 'Times New Roman';"> Ltda. </font></font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-family: 'Times New Roman';"> Trading Limited</font></font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">British Virgin </font><font style="font-family: 'Times New Roman';">Islands</font></font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Tropical </font><font style="font-family: 'Times New Roman';">Transportes</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';"> Ltda.</font></font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><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';">Imobili&#225;ria</font><font style="font-family: 'Times New Roman';"> Ltda.</font></font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><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';">Log&#237;stica</font><font style="font-family: 'Times New Roman';"> Ltda.</font></font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oil</font><font style="font-family: 'Times New Roman';"> Trading Importadora e Exportadora Ltda.</font></font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Iconic</font><font style="font-family: 'Times New Roman';"> Lubrificantes S.A. </font></font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">56</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">56</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Integra Frotas Ltda. </font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Companhia Ultragaz S.A.</font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 28.4pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz Comercial Ltda. </font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 28.4pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Nova Paran&#225; Distribuidora de G&#225;s Ltda. </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 7pt;">(1)</font></font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 22px;">
<td style="width: 44.32%; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-left: 28.4pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><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 style="font-family: 'Times New Roman'; vertical-align: super;"> </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 7pt;">(2)</font></font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">57</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">57</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><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="width: 14.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">LPG International Inc.</font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cayman Islands</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><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="width: 14.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><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="width: 14.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: middle; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">UVC Investimentos </font><font style="font-family: 'Times New Roman';">Ltda.</font><font style="font-family: 'Times New Roman'; vertical-align: super;"> </font><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;">3</font><font style="font-family: 'Times New Roman'; vertical-align: super;">)</font></font></font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><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="width: 10.12%; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 22px;">
<td style="width: 44.32%; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><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><font style="font-family: 'Times New Roman';"> </font><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></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><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="width: 14.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><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="width: 14.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Argentina</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><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="width: 14.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><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="width: 14.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Uruguay</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno M&#233;xico S.A. de C.V.</font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 28.4pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><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="width: 14.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 28.4pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><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="width: 14.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 28.4pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><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="width: 14.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">United States</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Global Petroleum Products Trading Corp.</font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Virgin Islands</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><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="width: 14.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Belgium</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><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="width: 14.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Colombia</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><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="width: 14.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">China</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Empresa Carioca de Produtos Qu&#237;micos S.A.</font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><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>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><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="width: 14.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">99</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 28.4pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">TEAS &#8211; Terminal Exportador de &#193;lcool de Santos Ltda.</font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 28.4pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><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="width: 14.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><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="width: 14.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Luxembourg</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><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="width: 14.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="width: 44.32%; vertical-align: middle; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">UVC - Fundo de investimento em participa&#231;&#245;es </font><font style="font-family: 'Times New Roman';">multiestrat&#233;gia</font><font style="font-family: 'Times New Roman';"> investimento no exterior </font><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><font style="font-family: 'Times New Roman';"> </font></font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><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="width: 10.12%; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 44.32%; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ea</font><font style="font-family: 'Times New Roman';">&#237;</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';">Automobilista</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';"> </font><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;">6</font><font style="font-family: 'Times New Roman'; vertical-align: super;">)</font></font></font></p>
</td>
<td style="width: 14.28%; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="width: 10.12%; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Abastece A&#237;</font></p>
</td>
<td style="width: 1.28%; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.68%; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84%; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.38%; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 0.78%; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.74%; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-size: 9pt;"><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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-size: 9pt;"><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 7pt;">(2) </font><font style="font-family: 'Times New Roman';">I</font><font style="font-family: 'Times New Roman';">n October 2020, there was a change in the share capital of the company </font><font style="font-family: 'Times New Roman';">Uting&#225;s</font><font style="font-family: 'Times New Roman';">, which became controlled by </font><font style="font-family: 'Times New Roman';">Companhia</font><font style="font-family: 'Times New Roman';"> Ultragaz S.A.</font><font style="font-family: 'Times New Roman';"> (&#8220;Ultragaz&#8221;).</font></font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 9pt;"><font style="font-size: 9pt;"><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;">3</font><font style="font-family: 'Times New Roman'; vertical-align: super;">) </font></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';">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 the 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';"> In September 2020 the company&#8217;s name was changed to &#8220;UVC </font><font style="font-family: 'Times New Roman';">Investimentos</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';">&#8221;.</font></font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 9pt;"><font style="font-size: 9pt;"><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';">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><font style="font-family: 'Times New Roman';">subsidiary</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';"> which became a direct subsidiary of the Company</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 9pt;"><font style="font-size: 9pt;"><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><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 </font><font style="font-family: 'Times New Roman';">invest in promising companies that can leverage or complement the Company's business,</font><font style="font-family: 'Times New Roman';"> besides</font><font style="font-family: 'Times New Roman';"> to supporting the mapping and sharing of startups and new technologies</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 9pt;"><font style="font-size: 9pt;"><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;">6</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';">Subsidiary created in July 2020,</font><font style="font-family: 'Times New Roman';">&nbsp;adding</font><font style="font-family: 'Times New Roman';">&nbsp;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; app</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>
<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 class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<div>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">4. Cash and </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';">e</font><font style="font-family: 'Times New Roman';">quivalents</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">inancial </font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">nvestments</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">h</font><font style="font-family: 'Times New Roman';">edge </font><font style="font-family: 'Times New Roman';">d</font><font style="font-family: 'Times New Roman';">erivative </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';">nstruments</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">8</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">6</font><font style="font-family: 'Times New Roman';">72,</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">60</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">2</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">R$</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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; font-size: 10pt;">a. Cash and cash equivalents</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 181px; margin-left: auto; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 90%; margin-right: auto;" width="90%">

<tr style="height: 17px;">
<td style="width: 203.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 203.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.65pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 203.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cash and bank deposits</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 51.6pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 203.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In local currency</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,419</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">381</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">285,306</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">182,237</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 203.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In foreign currency</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">119,775</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">102,755</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 203.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments considered cash equivalents</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 203.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In local currency</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 203.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 20pt; margin-bottom: 0pt; text-indent: 0.75pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">939,230</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,199</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,241,852</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,780,939</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 203.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In foreign currency</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 203.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 20pt; margin-bottom: 0pt; text-indent: 0.75pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,561</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.65pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,448</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 203.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total cash and cash equivalents</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">948,649</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,580</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,661,494</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,115,379</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>31</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">b. Financial investments</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"> and</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">c</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">urrency and </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">nterest </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">r</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ate </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">h</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">edging </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">nstruments</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table style="height: 181px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 90%; margin-left: auto; margin-right: auto;" width="90%">

<tr style="height: 17px;">
<td style="width: 203.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 203.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 203.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial investments</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 203.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In local currency</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 203.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 20pt; margin-bottom: 0pt; text-indent: 0.75pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">88,100</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95,829</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,749,852</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,610,686</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 203.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">In foreign currency</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 203.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 20pt; margin-bottom: 0pt; text-indent: 0.75pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fixed-income securities and funds</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,278,940</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">303,417</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 203.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Currency and interest rate hedging instruments (a)</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">981,874</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">682,615</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 203.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total financial investments</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">88,100</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95,829</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,010,666</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,596,718</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 203.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">88,100</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95,829</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,033,258</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,090,212</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 203.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">977,408</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">506,506</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(a) Accumulated gains, net of income tax (see Note 33.i).</font></p>
</div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt; /* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<div>
<h1 style="margin: 0px; break-inside: avoid; break-after: avoid; font-size: 12pt; text-indent: 0px;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></h1>
<div style="width: 8.5in; margin: 0 auto;">
<h1 style="margin: 0px; break-inside: avoid; break-after: avoid; font-size: 12pt; text-indent: 0px;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">5. Trade </font><font style="font-family: 'Times New Roman';">r</font><font style="font-family: 'Times New Roman';">eceivables </font><font style="font-family: 'Times New Roman';">and </font><font style="font-family: 'Times New Roman';">r</font><font style="font-family: 'Times New Roman';">eseller </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">inancing</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(</font><font style="font-family: 'Times New Roman';">C</font><font style="font-family: 'Times New Roman';">onsolidated)</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">a. Trade </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">r</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">eceivables</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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: 80%; margin-left: auto; margin-right: auto;" width="80%">

<tr style="height: 12.75pt;">
<td style="width: 71.5454%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 2.20769%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 11.9379%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 2.20769%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0196%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 71.5454%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Domestic customers</font></p>
</td>
<td style="width: 2.20769%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.9379%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,443,641</font></font></p>
</td>
<td style="width: 2.20769%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0196%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,867,163</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 71.5454%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="width: 2.20769%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.9379%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">151</font></font></p>
</td>
<td style="width: 2.20769%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0196%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">739</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 71.5454%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign customers</font></p>
</td>
<td style="width: 2.20769%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.9379%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">326,442</font></font></p>
</td>
<td style="width: 2.20769%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0196%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">223,308</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 71.5454%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign customers &#8211; related parties (see Note 8.a.2)</font></p>
</td>
<td style="width: 2.20769%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.9379%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,984</font></font></p>
</td>
<td style="width: 2.20769%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0196%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,176</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 71.5454%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(-) Expected losses on doubtful accounts</font></p>
</td>
<td style="width: 2.20769%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.9379%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(382,096)</font></p>
</td>
<td style="width: 2.20769%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0196%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(404,886)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 71.5454%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 2.20769%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.9379%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,391,122</font></font></p>
</td>
<td style="width: 2.20769%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0196%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,689,500</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 71.5454%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="width: 2.20769%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.9379%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,318,927</font></font></p>
</td>
<td style="width: 2.20769%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0196%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,635,834</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 71.5454%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="width: 2.20769%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.9379%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">72,195</font></font></p>
</td>
<td style="width: 2.20769%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0196%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">53,666</font></font></p>
</td>
</tr>

</table>
</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'>32</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 54px; width: 99.7553%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td colspan="9" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Past due</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Current</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; break-inside: avoid; break-after: avoid; font-size: 10pt; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt; line-height: inherit;">less than 30 days</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">31-60 days</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">61-90 days</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">91-180 days</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; break-inside: avoid; break-after: avoid; font-size: 10pt; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt; line-height: inherit;">more than 180 days</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 32%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,773,218</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,963,163</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">124,606</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">27,970</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">21,389</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">47,169</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">588,921</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">12/31/2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">4,094,386</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,199,315</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">159,350</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">27,320</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">12,245</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">61,489</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">634,667</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 61px; width: 99.7551%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td colspan="9" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Past due</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Current</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; break-inside: avoid; break-after: avoid; font-size: 10pt; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt; line-height: inherit;">less than 30 days</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">31-60 days</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">61-90 days</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">91-180 days</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; break-inside: avoid; break-after: avoid; font-size: 10pt; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt; line-height: inherit;">more than 180 days</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 32%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">382,096</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">21,219</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,154</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,751</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,233</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">13,378</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">341,361</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">12/31/2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">404,886</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">28,861</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,456</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,625</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,749</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">23,698</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">345,497</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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; margin-left: auto; width: 70%; margin-right: auto;" width="70%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 356.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2018</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">385,080</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 356.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">189,192</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 356.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reversals</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(119,640)</font></p>
</td>
</tr>
<tr style="height: 13.5pt; -aw-height-rule: exactly;">
<td style="width: 356.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Write-offs</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(49,746)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 356.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">404,886</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 356.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">194,220</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 356.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reversals</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(203,994)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 356.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Write-offs</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,016)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 356.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">382,096</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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 class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin: 0px; text-align: justify; line-height: 115%; font-size: 11pt; text-indent: 0px;"><br></p>
<p style="margin: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; font-size: 10pt;">b. Reseller financing</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The composition of reseller financing is as follows:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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: 85%; margin-left: auto; margin-right: auto;" width="85%">

<tr style="height: 17px;">
<td style="width: 297.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 297.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,165,395</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">956,942</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 297.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(-) Expected losses on doubtful accounts</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(197,011)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(156,006)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 297.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">968,384</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">800,936</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 297.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">549,129</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">436,188</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 297.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">419,255</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">364,748</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 61px; width: 99.7552%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td colspan="9" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Past due</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Current</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; break-inside: avoid; break-after: avoid; font-size: 10pt; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt; line-height: inherit;">less than 30 days</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">31-60 days</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">61-90 days</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">91-180 days</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; break-inside: avoid; break-after: avoid; font-size: 10pt; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt; line-height: inherit;">more than 180 days</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 32%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,165,395</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">787,904</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,230</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,237</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,200</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,989</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">301,835</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">12/31/2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">956,942</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">644,488</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,262</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,481</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,616</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30,144</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">232,951</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 61px; width: 99.7553%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td colspan="9" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Past due</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Current</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; break-inside: avoid; break-after: avoid; font-size: 10pt; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt; line-height: inherit;">less than 30 days</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">31-60 days</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">61-90 days</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">91-180 days</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; break-inside: avoid; break-after: avoid; font-size: 10pt; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt; line-height: inherit;">more than 180 days</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 32%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">197,011</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,872</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">785</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,812</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,397</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,684</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">154,461</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">12/31/2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">156,006</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,337</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,519</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,063</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,313</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,639</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">115,135</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Movements in the allowance for expected losses on doubtful accounts are as follows:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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; margin-left: auto; width: 70%; margin-right: auto;" width="70%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 356.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2018</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">139,699</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 356.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">30,601</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 356.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reversals</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,294)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 356.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">156,006</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 356.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">74,745</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 356.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reversals</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(29,791)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 356.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Write-offs</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,949)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 356.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">197,011</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">For further information about the allowance for expected losses on doubtful accounts see Note 33.d.3.</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>34</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">6. Inventories</font><font style="font-family: 'Times New Roman';"> (Consolidated)</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 206px;" width="100%">

<tr style="height: 17px;">
<td style="width: 27.0646%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="5" style="width: 35.4047%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="5" style="width: 35.4865%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 27.0646%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Cost</font></p>
</td>
<td style="width: 1.96239%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; break-inside: avoid; break-after: avoid; font-size: 10pt; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt; line-height: inherit;">Provision for losses</font></p>
</td>
<td style="width: 1.96239%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 10.5478%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Net balance</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Cost</font></p>
</td>
<td style="width: 1.96239%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; break-inside: avoid; break-after: avoid; font-size: 10pt; line-height: 1.1;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt; line-height: inherit;">Provision for losses</font></p>
</td>
<td style="width: 1.96239%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 10.6296%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Net balance</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 27.0646%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fuels, lubricants and greases</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,682,841</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,344)</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.5478%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,677,497</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,843,257</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,073)</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.6296%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,841,184</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 27.0646%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Finished goods</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">646,180</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(22,281)</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.5478%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">623,899</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">541,689</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(22,048)</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.6296%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">519,641</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 27.0646%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Work in process</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,450</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.5478%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,450</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,971</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.6296%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,971</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 27.0646%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Raw materials</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">568,185</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,827)</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.5478%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">566,358</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">365,960</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,552)</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.6296%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">363,408</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 27.0646%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Liquefied petroleum gas (LPG)</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">110,767</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,761)</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.5478%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105,006</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">101,715</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,761)</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.6296%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95,954</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 27.0646%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Consumable materials and other items for resale</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">129,559</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,598)</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.5478%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">126,961</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">140,058</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,587)</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.6296%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">137,471</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 27.0646%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Pharmaceutical, hygiene, and beauty products</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">521,689</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,611)</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.5478%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">519,078</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">549,191</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,877)</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.6296%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">546,314</font></p>
</td>
</tr>
<tr style="height: 22px;">
<td style="width: 27.0646%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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; font-size: 7pt;">(1)</font></font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">198,986</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(464)</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.5478%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">198,522</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">183,170</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,719)</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.6296%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">180,451</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 27.0646%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Properties for resale</font></p>
</td>
<td style="width: 10.4661%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,532</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(107)</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.5478%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,425</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,273</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(107)</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.6296%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,166</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 27.0646%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,887,189</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(40,993)</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.5478%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,846,196</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,756,284</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.4661%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(40,724)</font></p>
</td>
<td style="width: 1.96239%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.6296%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,715,560</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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';"> 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></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Movements in the provision for losses are as follows:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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; margin-left: auto; width: 70%; margin-right: auto; height: 137px;" width="70%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 360.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2018</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,587</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 360.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reversals to net realizable value adjustment</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,174)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 360.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Aditions</font><font style="font-family: 'Times New Roman';"> of obsolescence and other losses</font></font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,296</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 360.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> Andina (</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">)</font></font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(985)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 360.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,724</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 360.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Aditions</font><font style="font-family: 'Times New Roman';"> to net realizable value adjustment</font></font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,245</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 360.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reversals of obsolescence and other losses</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,976)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 360.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,993</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; vertical-align: super;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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;">i</font><font style="font-family: 'Times New Roman'; vertical-align: super;">)</font></font><font style="font-size: 9pt;"><font style="font-family: 'Times New Roman';"> Refers to the </font><font style="font-family: 'Times New Roman';">asset write-offs of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> Andina</font><font style="font-family: 'Times New Roman';"> in 2019</font><font style="font-family: 'Times New Roman';"> (see Note </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';">b</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 financial statements filed on CVM on February </font><font style="font-family: 'Times New Roman';">19</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></font><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 85%; margin-left: auto; margin-right: auto;" width="85%">

<tr style="height: 12.75pt;">
<td style="width: 296.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 296.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net realizable value adjustment</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,488</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,243</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 296.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Obsolescence and other losses</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,505</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,481</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 296.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,993</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,724</font></p>
</td>
</tr>

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

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

</table>
<hr class="horizontalLineRemoved" 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;">
<div>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">7. Taxes</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';">ecover</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">a. Recoverable </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">t</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">axes</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"> (Consolidated)</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 137px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 85%; margin-left: auto; margin-right: auto;" width="85%">

<tr style="height: 17px;">
<td style="width: 305.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 305.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">ICMS (a.1)</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,129,325</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">872,670</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 305.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">PIS and COFINS (a.2) (a.3)</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,297,029</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">930,570</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 305.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Value-added tax (IVA) of foreign subsidiaries </font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">35,600</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">29,707</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 305.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">57,704</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">56,748</font></font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 305.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,519,658</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,889,695</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 305.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,044,850</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,122,335</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 305.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,474,808</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">767,360</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';"> net of provision for losses</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">is substantially related to the following subsidiaries and operations:</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><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';">The subsidiar</font><font style="font-family: 'Times New Roman';">ies</font><font style="font-family: 'Times New Roman';"> </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';">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;EMCA&#8221;)</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">e </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';">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';"> 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';"> Ltda. (&#8220;</font><font style="font-family: 'Times New Roman';">Oleoqu&#237;mica</font><font style="font-family: 'Times New Roman';">&#8221;) </font><font style="font-family: 'Times New Roman';">accumulate credits</font><font style="font-family: 'Times New Roman';"> in the amount of R$ </font><font style="font-family: 'Times New Roman';">195</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">037</font><font style="font-family: 'Times New Roman';"> (R$ 151,393 as of December 31, 2019)</font><font style="font-family: 'Times New Roman';"> once </font><font style="font-family: 'Times New Roman';">predominantly carrie</font><font style="font-family: 'Times New Roman';">d</font><font style="font-family: 'Times New Roman';"> out export operations, interstate outflow or deferred ICMS of products purchased within the State of Bahia;</font></font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(ii) </font><font style="font-family: 'Times New Roman';">The subsidiar</font><font style="font-family: 'Times New Roman';">ies</font><font style="font-family: 'Times New Roman';"> </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';">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. (&#8220;IPP&#8221;)</font><font style="font-family: 'Times New Roman';">, </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';">Distribuidora</font><font style="font-family: 'Times New Roman';"> de </font><font style="font-family: 'Times New Roman';">G&#225;s</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';">(&#8220;</font><font style="font-family: 'Times New Roman';">Bahiana</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';">Ultragaz</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">AMPM, 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 style="font-family: 'Times New Roman';">have credits </font><font style="font-family: 'Times New Roman';">in the amount of R$ </font><font style="font-family: 'Times New Roman';">7</font><font style="font-family: 'Times New Roman';">54,882</font><font style="font-family: 'Times New Roman';"> (R$ </font><font style="font-family: 'Times New Roman';">563,565</font><font style="font-family: 'Times New Roman';"> </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';">,</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';">deconstituted</font><font style="font-family: 'Times New Roman';">, mainly, by the following natures: a) transactions of inputs and outputs of products subject to taxation of the own ICMS;</font><font style="font-family: 'Times New Roman';"> b) </font><font style="font-family: 'Times New Roman';">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><font style="font-family: 'Times New Roman';">Brasileiro</font><font style="font-family: 'Times New Roman';"> S.A. (&#8220;Petrobras&#8221;)),</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">in the case of the subsidiaries </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';">Bahiana</font><font style="font-family: 'Times New Roman';"> and Ultragaz and c)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">credits for refunds of the ICMS</font><font style="font-family: 'Times New Roman';">-ST (tax substitution)</font><font style="font-family: 'Times New Roman';"> overpaid when the estimated calculation base is used higher than the actual operation practiced by the subsidiary </font><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-family: 'Times New Roman';">;</font></font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(iii) </font><font style="font-family: 'Times New Roman';">The subsidiary </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';">has ICMS credits and ICMS-ST (tax substitution) advances </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';">1</font><font style="font-family: 'Times New Roman';">79,405</font><font style="font-family: 'Times New Roman';"> (R$ </font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">57,713</font><font style="font-family: 'Times New Roman';"> </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';">,</font><font style="font-family: 'Times New Roman';"> 2019)</font><font style="font-family: 'Times New Roman';"> on the inflow and outflow of operations carried out by its distribution centers, mostly in the North and Northeast</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> as well as refunds of the ICMS-ST portion overpaid when the estimated calculation <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: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">base is used</font> higher than the actual operation</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The amounts of recoverable ICMS credits are classified as current assets and consumed by the operations 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 tax substitution operations. Management estimates the realization of the credits classified in non-current assets within </font><font style="font-family: 'Times New Roman';">an average term of </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>
</div>
<p style="margin-top: 2pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The estimated recovery of ICMS assets is stated as follows:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 120px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 75%; margin-left: auto; margin-right: auto;" width="75%">

<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 363.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Up to 1 year </font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">422,548</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 363.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 1 to 2 years</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">362,062</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 363.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 2 to 3 years</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">200,586</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 363.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 3 to 5 years</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">88,483</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 363.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 5 to 7 years</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">26,420</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 363.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 7 to 10 years</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">29,226</font></font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 363.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total of recoverable ICMS</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,129,325</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';"> The balance refers, mainly, to the PIS and COFINS credits recorded under Laws 10,637/2002 and 10,833/2003 in the amount of R$ 651,051 (R$ 539,026 as of December 31, 2019), 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';">&nbsp;Tropical</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Transportes</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';">Ltda</font><font style="font-family: 'Times New Roman';"> (&#8220;Tropical&#8221;), EMCA, Oleoqu&#237;mica and Oxiteno S.A.</font><font style="font-family: 'Times New Roman';">&nbsp;have credits in the amount of R$ 645,978 (R$ 391,544 as of December 31, 2019) 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</font><font style="font-family: 'Times New Roman';"> (see Note 22.d.1)</font><font style="font-family: 'Times New Roman';">. 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">a.3</font><font style="font-family: 'Times New Roman';"> On March 15, 2017, due to general repercussions, the STF decided that ICMS does not compose the basis for calculating PIS and COFINS. 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 and </font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> SA have credits </font><font style="font-family: 'Times New Roman';">originated</font><font style="font-family: 'Times New Roman';"> from final definitive decisions on the exclusion of ICMS from the PIS and COFINS calculation base (see note 22.d) , having been the respective subsidies to prove the amounts to be refunded </font><font style="font-family: 'Times New Roman';">properly</font><font style="font-family: 'Times New Roman';"> confirmed by management and recorded in income, until the present year of 2020, the amount of R$ 746,962 (R$ 338,110 until 2019). For these cases, management estimates that these credits will be realized within up to 5 years.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The estimated recovery of PIS and COFINS credits is stated as follows:<br><br></font></font></p>
<table cellspacing="0" cellpadding="0" style="height: 61px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 75%; margin-left: auto; margin-right: auto;" width="75%">

<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 363.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Up to 1 year </font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">528,999</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 363.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 1 to 2 years</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;"> 405,998</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 363.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 2 to 3 years</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">178,049</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 363.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 3 to 5 years</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">183,983</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total of recoverable PIS and COFINS, net of provision 1,297,029<br>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; font-size: 10pt;">b. Recoverable income tax and social contribution taxes</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Represented by recoverable IRPJ and CSLL.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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; height: 85px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 190.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 190.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 190.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IRPJ and CSLL</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">87,359</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">89,197</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">627,285</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">430,290</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 190.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,913</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,750</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">366,080</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">325,343</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 190.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,446</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,447</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">261,205</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104,947</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">years</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 years.</font></font></p>
</div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>37</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">8. Related </font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">arties</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; font-size: 10pt;">a. Related parties</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The balances and transactions </font><font style="font-family: 'Times New Roman';">of</font><font style="font-family: 'Times New Roman';"> the Company and its related parties are disclosed below:</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; font-size: 10pt;">a.1 Parent</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 204px; margin-left: auto; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 90%; margin-right: auto;" width="90%">

<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Assets</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Liabilities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Financial income </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(1)</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="border-top: 0.75pt solid #000000; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Other receivables</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Payables</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Other</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;"> payables</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 34%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">753,459</font></font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.5%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">15,545</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.5%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.5%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.5%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">23,812</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cia Ultragaz S.A.</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">10,147</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">8,469</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">SERMA - Ass. dos </font><font style="font-family: 'Times New Roman';">usu&#225;rios</font><font style="font-family: 'Times New Roman';"> equip. proc. de dados</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">9,635</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,785</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">5,272</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">142</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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 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></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">4,476</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">548</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Centro de Conveni&#234;ncias Millennium Ltda. </font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,700</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Terminal </font><font style="font-family: 'Times New Roman';">Qu&#237;mico</font><font style="font-family: 'Times New Roman';"> de </font><font style="font-family: 'Times New Roman';">Aratu</font><font style="font-family: 'Times New Roman';"> S.A. &#8211; </font><font style="font-family: 'Times New Roman';">Tequimar</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,695</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">277</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Bahiana</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';"> de </font><font style="font-family: 'Times New Roman';">G&#225;s</font><font style="font-family: 'Times New Roman';"> Ltda.</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">831</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">UVC </font><font style="font-family: 'Times New Roman';">Investimentos</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></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">69</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ea&#237;</font><font style="font-family: 'Times New Roman';"> Clube </font><font style="font-family: 'Times New Roman';">Automobilista</font><font style="font-family: 'Times New Roman';"> S.A. </font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">35</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">am/pm </font><font style="font-family: 'Times New Roman';">Comest&#237;veis</font><font style="font-family: 'Times New Roman';"> Ltda.</font></font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">13</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total as of December 31, 2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">753,459</font></font></p>
</td>
<td style="vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">49,896</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">5,272</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">9,471</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">23,812</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 65px; margin-left: auto; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 90%; margin-right: auto;" width="90%">

<tr style="height: 10px;">
<td style="width: 164.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Assets</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Liabilities</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Financial income </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(1)</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 164.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Payables</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 164.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">759,123</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,884</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 164.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="width: 56.35pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,220</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 164.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total as of December 31, 2019</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">759,123</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,220</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,884</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt; vertical-align: super;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 9pt;"><font style="font-size: 9pt;"><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-family: 'Times New Roman';">In March 2016, the </font><font style="font-family: 'Times New Roman';">subsidiary</font><font style="font-family: 'Times New Roman';"> IPP made &#8203;&#8203;its </font><font style="font-family: 'Times New Roman';">second</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">private offering in </font><font style="font-family: 'Times New Roman';">one</font><font style="font-family: 'Times New Roman';"> single series of 75 debentures at face value of R$ 10,000,000.00 (ten million Brazilian Reais)</font><font style="font-family: 'Times New Roman';"> each</font><font style="font-family: 'Times New Roman';">, nonconvertible into shares</font><font style="font-family: 'Times New Roman';"> and</font><font style="font-family: 'Times New Roman';"> unsecured. The Company subscribed the total</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">debentures</font><font style="font-family: 'Times New Roman';"> with maturity on </font><font style="font-family: 'Times New Roman';">March 31</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">21</font><font style="font-family: 'Times New Roman';"> and semiannual </font><font style="font-family: 'Times New Roman';">interest</font><font style="font-family: 'Times New Roman';"> linked to DI.</font></font></p>
<div style="width: 8.5in; margin: 0 auto;"><br></div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>38</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin: 0px; text-align: justify; line-height: 115%; font-size: 11pt; text-indent: 0px;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; font-size: 10pt;">a.2 Consolidated</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 74px; margin-left: auto; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 85%; margin-right: auto;" width="85%">

<tr style="height: 17px;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Loans</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Assets</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.75pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Liabilities</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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 style="font-family: 'Times New Roman'; vertical-align: super; font-size: 7pt;">(1)</font></font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,875</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Routeasy</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Servi&#231;os</font><font style="font-family: 'Times New Roman';"> de </font><font style="font-family: 'Times New Roman';">Assessoria</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';"> Ltda. </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 7pt;">(2)</font></font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,334</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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: 7pt;">(1)</font></font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">490</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.75pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">836</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total as of December 31, 2020</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,824</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,711</font></p>
</td>
</tr>

</table>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: auto; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 85%; margin-right: auto; height: 64px;" width="85%">

<tr style="height: 17px;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Loans</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Assets</font></p>
</td>
<td style="width: 1.1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Liabilities</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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 style="font-family: 'Times New Roman'; vertical-align: super; font-size: 7pt;">(1)</font></font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,875</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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: 7pt;">(1)</font></font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">490</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,050</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total as of December 31, 2019</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">490</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,925</font></p>
</td>
</tr>

</table>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 7pt;">(1)</font><font style="font-family: 'Times New Roman'; font-size: 9pt;"> Loans contracted have indefinite terms and do not contain remuneration clauses.</font></font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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-size: 9pt;"> The loans contracted have a term of 36 months and can be extended by mutual agreement between the parties being remunerated by the DI plus a premium of 3% p.a.</font></font></p>
<p style="margin: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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; height: 293px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 194.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="9" style="width: 50.55pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Commercial transactions</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 194.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.55pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Receivables </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(1)</font></font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Payables </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(1)</font></font></p>
</td>
<td style="width: 1.1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Sales and services</font></p>
</td>
<td style="width: 1.1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Purchases</font></p>
</td>
<td style="width: 1.1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Expenses</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 194.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="width: 50.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,772</font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">471</font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">19,077</font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 194.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="width: 50.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">65,215</font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">314,587</font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 194.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="width: 50.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">151</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">104</font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,062</font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">154</font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 194.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="width: 50.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,613</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 194.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron (Thailand) Limited</font></p>
</td>
<td style="width: 50.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">166</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">6</font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">759</font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 194.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Chevron </font><font style="font-family: 'Times New Roman';">Brasil</font><font style="font-family: 'Times New Roman';"> Oleos </font><font style="font-family: 'Times New Roman';">Basicos</font><font style="font-family: 'Times New Roman';"> LTDA</font></font></p>
</td>
<td style="width: 50.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">6</font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 194.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Latin America Marketing LLC</font></p>
</td>
<td style="width: 50.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">118</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 194.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Lubricants Lanka PLC</font></p>
</td>
<td style="width: 50.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 194.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Lubricants Oils S.A.</font></p>
</td>
<td style="width: 50.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">823</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 194.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Marine Products</font></p>
</td>
<td style="width: 50.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,873</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 194.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Chevron </font><font style="font-family: 'Times New Roman';">Oronite</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Brasil</font><font style="font-family: 'Times New Roman';"> LTDA.</font></font></p>
</td>
<td style="width: 50.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">37,482</font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">108,198</font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 194.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Products Company</font></p>
</td>
<td style="width: 50.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">87,754</font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">247,578</font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 194.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Belgium NV</font></p>
</td>
<td style="width: 50.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">785</font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">6,707</font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 194.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Petroleum CO Colombia</font></p>
</td>
<td style="width: 50.55pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 194.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total as of December 31, 2020</font></p>
</td>
<td style="width: 50.55pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,135</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">193,124</font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,533</font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 44.85pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">697,060</font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,613</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</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'>39</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="margin-right: auto; margin-left: auto; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 277px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 167.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="11" style="width: 50.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Commercial transactions</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 167.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Receivables </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(1)</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Payables </font><font style="font-family: 'Times New Roman'; font-weight: bold; vertical-align: super;">(1)</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 53.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Other payables</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Sales and services</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Purchases</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Expenses</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 167.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="width: 50.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,545</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 53.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">18,565</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 167.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="width: 50.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">264,602</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 53.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,019,108</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 167.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="width: 50.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">739</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">113</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 53.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">7,385</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">121</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 167.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="width: 50.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">124</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 53.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,477</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 167.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron (Thailand) Limited</font></p>
</td>
<td style="width: 50.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,333</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">5,177</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 53.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">90,912</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 167.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Chevron </font><font style="font-family: 'Times New Roman';">Brasil</font><font style="font-family: 'Times New Roman';"> Oleos </font><font style="font-family: 'Times New Roman';">Basicos</font><font style="font-family: 'Times New Roman';"> LTDA</font></font></p>
</td>
<td style="width: 50.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 53.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">6</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">6,336</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 167.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Latin America Marketing LLC</font></p>
</td>
<td style="width: 50.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">86</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">6</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 53.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">13</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">506</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 167.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Lubricants Lanka PLC</font></p>
</td>
<td style="width: 50.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 53.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">285</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 167.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Lubricants Oils S.A.</font></p>
</td>
<td style="width: 50.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">58</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 53.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">42</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 167.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Marine Products</font></p>
</td>
<td style="width: 50.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">506</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 53.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">104</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 167.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Chevron </font><font style="font-family: 'Times New Roman';">Oronite</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Brasil</font><font style="font-family: 'Times New Roman';"> LTDA.</font></font></p>
</td>
<td style="width: 50.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,193</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 53.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">345</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 167.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Products Company</font></p>
</td>
<td style="width: 50.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">16,302</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 53.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">212,915</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 167.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Belgium NV</font></p>
</td>
<td style="width: 50.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,119</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 53.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">15,019</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 167.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Chevron Petroleum CO Colombia</font></p>
</td>
<td style="width: 50.75pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 53.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">7</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">30</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">-</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 167.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total as of December 31, 2019</font></p>
</td>
<td style="width: 50.75pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,915</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">289,988</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 53.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">298</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">7,920</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,363,482</font></font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.05pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,477</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 9pt;"><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';">&nbsp; 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-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><font style="font-size: 7pt;">(a)</font>&nbsp;&nbsp;<font style="font-size: 9pt;">Refers to rental contracts of </font></font><font style="font-size: 9pt;"><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';">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';">, 2020 and </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';">of the former shareholders of </font><font style="font-family: 'Times New Roman';">Extrafarma</font><font style="font-family: 'Times New Roman';"> that are</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-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><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 operations </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';">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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; font-size: 10pt;">b. Key executives (Consolidated)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>40</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 86px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 75%; margin-left: auto; margin-right: auto;" width="75%">

<tr style="height: 17px;">
<td style="width: 310.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 310.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Short-term compensation</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47,936</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,659</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 310.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Stock compensation</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,786</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,881</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 310.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Post-employment benefits</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,866</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,640</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 310.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">55,588</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">54,180</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; font-size: 10pt;">c. Deferred stock plan (Consolidated)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">Ultrapar&#8217;s</font><font style="font-family: 'Times New Roman';"> Board of Directors members are not eligible to the</font><font style="font-family: 'Times New Roman';">&nbsp;</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-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 93px; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 24px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 24px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Grant date</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 24px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance of number of shares granted</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 24px;"><br></td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 24px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Vesting period</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 24px;"><br></td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 24px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Market price of shares on the grant date (in R$ per share)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 24px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Total grant costs, including taxes</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 24px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 24px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Accumulated recognized grant costs</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 24px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 24px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Accumulated unrecognized grant costs</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 30%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">March 4, 2016</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">380,000</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021 to 2023 </font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">32.72</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">17,147</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,076)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,071</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">December 10, 2014</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">266,660</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">25.32</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">28,405</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(26,726)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,679</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">March 5, 2014</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">55,600</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">26.08</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">5,999</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,951)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">48</font></font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">702,260</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">51,551</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(46,753)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">4,798</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">In</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$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">2,360</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(R$ </font><font style="font-family: 'Times New Roman';">10,321</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';"> 2019</font><font style="font-family: 'Times New Roman';">) was recognized as a general and administrative expense.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance on December 31, 2018</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,700,128</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Shares vested and transferred</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(475,604)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance on December 31, 2019</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,224,524</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(200,000)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Shares vested and transferred</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(322,264)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance on December 31, 2020</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">702,260</font></p>
</td>
</tr>

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

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

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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; height: 225px; width: 99.6325%;" width="100%">

<tr style="height: 68px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Program</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Grant date</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance of number of shares granted</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;"><br></td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Vesting period</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;"><br></td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Market price of shares on the grant date (in R$ per share)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;"><br></td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Total grant costs, including taxes</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Accumulated recognized grant costs</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Accumulated unrecognized grant costs</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 24%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 18%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">October 1, 2017</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">240,000</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2023</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38.19</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">12,642</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,848)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">5,794</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted and performance</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">November 8, 2017</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">23,674</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021 to 2022</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38.19</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,723</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,852)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">871</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted and performance</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">April 4, 2018</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">121,720</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021 to 2023</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34.35</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">8,451</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,522)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,929</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">September 19, 2018</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">80,000</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2024</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19.58</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,691</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(810)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,881</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">September 24, 2018</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">80,000</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2024</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18.40</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,030</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(761)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,269</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted and performance</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">April 3, 2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">469,872</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2022 to 2024</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23.25</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">20,900</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,573)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">11,327</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">September 2, 2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">440,000</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2025</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16.42</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">9,965</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,215)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">7,750</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted and performance</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">April 1, 2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">754,896</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2023 to 2025</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12.53</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">18,653</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,584)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">15,069</font></font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Restricted</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">September 16, 2020</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">700,000</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2026</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23.03</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;"><br></td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">22,236</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,235)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">21,001</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,910,162</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">101,291</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,400)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">68,891</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">In</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';">12,664</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';">12,893</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';"> 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance on December 31, 2018</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">739,952</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Shares granted on April 3, 2019</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">567,876</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Shares granted on September 2, 2019</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">440,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,168)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance on December 31, 2019</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,738,660</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Shares granted on April 1, 2020</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">877,788</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Shares granted on September 16, 2020</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">700,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(353,294)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cancellation of performance shares</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(52,992)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance on December 31, 2020</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,910,162</font></p>
</td>
</tr>

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

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

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">9. Income and </font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">ocial </font><font style="font-family: 'Times New Roman';">c</font><font style="font-family: 'Times New Roman';">ontribution </font><font style="font-family: 'Times New Roman';">t</font><font style="font-family: 'Times New Roman';">axes</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; font-size: 10pt;">a. Deferred income (IRPJ) and social contribution taxes (CSLL)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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, mainly resulting from </font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">rovision for differences between cash and accrual basis</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">tax loss carryforwards</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">negative tax bases</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and provisions for tax, civil, and labor risks</font><font style="font-family: 'Times New Roman';">.</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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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; height: 498px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 46%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Assets - deferred income and social contribution taxes on:</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for impairment of assets</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75,231</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">72,377</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provisions for tax, civil, and labor risks</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">138,516</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">150,085</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for post-employment benefits </font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,078</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">96,108</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">92,199</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">606,054</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">224,065</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Goodwill</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,161</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,161</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75,515</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75,745</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for asset retirement obligation</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,728</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,762</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for suppliers</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,284</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">439</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,501</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,214</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for profit sharing and bonus</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,445</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">56,873</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,818</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">976</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,932</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,003</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Change in fair value of subscription warrants</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,833</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,338</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,833</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,338</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for deferred revenue</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,770</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,961</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other provisions</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">204</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,917</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,355</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,730</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,632</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">363,862</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">278,140</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,441</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,613</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,588,001</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,076,223</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Offset the liability balance of deferred IRPJ and CSLL</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(448)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(613,290)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(422,529)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net balance of deferred taxes assets</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">64,993</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,613</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">974,711</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">653,694</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Liabilities - deferred income and social contribution taxes on:</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Revaluation of PP&amp;E</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,776</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,866</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,895</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,356</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">448</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">402,780</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">257,718</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for goodwill</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">92,242</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,186</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;">Business combination &#8211; fair value of assets</p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">111,832</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">114,125</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other provisions</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,497</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,809</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">448</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">626,022</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">430,060</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Offset the asset balance of deferred IRPJ and CSLL</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(448)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(613,290)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(422,529)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net balance of deferred taxes liabilities</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,732</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,531</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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: 9pt;">Refers mainly to the income tax on the exchange variation of the </font></font><font style="font-size: 9pt;"><font style="font-family: 'Times New Roman';">derivate </font><font style="font-family: 'Times New Roman';">hedging instruments.</font></font></font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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 class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 106px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 46%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Initial balance</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">41,613</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">14,034</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">646,163</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">504,890</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">23,246</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">27,579</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">87,939</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">97,465</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(80)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">210,034</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">40,497</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">214</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,843</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,311</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final balance</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;">64,993</p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;">41,613</p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;">961,979</p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;">646,163</p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 74%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Up to 1 year</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,729</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">203,341</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 1 to 2 years</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,161</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">154,684</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 2 to 3 years</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,406</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">79,646</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 3 to 5 years</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,359</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">189,231</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 5 to 7 years</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,293</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">634,200</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 7 to 10 years</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,493</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">326,899</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,441</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,588,001</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">which indicates trends and perspectives, demand effects, competition and other economic factors</font><font style="font-family: 'Times New Roman';">, and</font><font style="font-family: 'Times New Roman';"> 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The main key assumptions used to calculate the realization of deferred tax assets are: growth in Gross Domestic Product (&#8220;GDP&#8221;), exchange rate, basic interest rate (SELIC) and DI, inflation rate, commodity price </font><font style="font-family: 'Times New Roman';">index,</font><font style="font-family: 'Times New Roman';"> among others. The balance of R$ 1,</font><font style="font-family: 'Times New Roman';">588,001</font><font style="font-family: 'Times New Roman';"> was supported by the technical study on taxable profit projections for the realization of deferred tax assets, examined by the Fiscal Council (&#8220;CF&#8221;) and by the Audit and Risks Committee (&#8220;CAR&#8221;).</font></font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>44</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; font-size: 10pt;">b. Reconciliation of income and social contribution taxes</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 281px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 46%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(76,130)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(48,846)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,542,681</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">793,698</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Statutory tax rates &#8211; %</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,884</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,608</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(524,512)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(269,857)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,013)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,023</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(74,877)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(68,795)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Nontaxable revenues (ii)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33,552</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,235</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Adjustment to estimated income (iii)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,850</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,511</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(123,300)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(146,820)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other adjustments</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">76</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(63)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,992</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,873</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income and social contribution taxes before tax incentives</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,947</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,579</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(655,295)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(421,853)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Tax incentives - SUDENE</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">83,928</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,244</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income and social contribution taxes in the income statement</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,947</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,579</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(571,367)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(378,609)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,299)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(659,306)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(476,074)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,246</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,579</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">87,939</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">97,465</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Effective IRPJ and CSLL rates &#8211; %</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24.9</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">56.5</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">37.0</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47.7</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 21.3pt; margin-bottom: 3pt; text-indent: -21.3pt; text-align: justify; font-size: 9pt;"><font style="font-size: 9pt;"><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;</font><font style="font-family: 'Times New Roman';">C</font><font style="font-family: 'Times New Roman';">onsist 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="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">negative effects of foreign subsidiaries </font><font style="font-family: 'Times New Roman';">and certain provisions</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin-top: 0pt; margin-left: 21.3pt; margin-bottom: 3pt; text-indent: -21.3pt; text-align: justify; font-size: 9pt;"><font style="font-size: 9pt;"><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;</font><font style="font-family: 'Times New Roman';">C</font><font style="font-family: 'Times New Roman';">onsist 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="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin-top: 0pt; margin-left: 21.3pt; margin-bottom: 3pt; text-indent: -21.3pt; text-align: justify; font-size: 9pt;"><font style="font-size: 9pt;"><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';">Brazilian tax law allows for an alternative method of taxation for companies that generated gross revenues of up to R$ </font><font style="font-family: 'Times New Roman';">7</font><font style="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 </font><font style="font-family: 'Times New Roman';">adjustment to estimated income represents the </font><font style="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="font-family: 'Times New Roman';">id</font><font style="font-family: 'Times New Roman';"> based on the effective statutory rate applied to the taxable income of these subsidiaries</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin-top: 0pt; margin-left: 21.3pt; margin-bottom: 0pt; text-indent: -21.3pt; text-align: justify; font-size: 9pt;"><font style="font-size: 9pt;"><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;</font><font style="font-family: 'Times New Roman';">See Note 9.d</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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'>45</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">c. Tax </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ncentives &#8211; SUDENE</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-right: auto; margin-left: auto; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 207px; width: 100%;" width="100%">

<tr style="height: 19px;">
<td style="width: 212.65pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 9pt;">Subsidiary</font></p>
</td>
<td style="width: 79.35pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 9pt;">Units</font></p>
</td>
<td style="width: 70.85pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 9pt;">Incentive - %</font></p>
</td>
<td style="width: 56.7pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 9pt;">Expiration</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="width: 212.65pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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="width: 79.35pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; 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="width: 70.85pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="width: 56.7pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2024</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="width: 212.65pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.35pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; 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="width: 70.85pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="width: 56.7pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2025</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="width: 212.65pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.35pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Juazeiro base</font></p>
</td>
<td style="width: 70.85pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="width: 56.7pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2026</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="width: 212.65pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.35pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Aracaju base</font></p>
</td>
<td style="width: 70.85pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="width: 56.7pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2027</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="width: 212.65pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.35pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; 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="width: 70.85pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="width: 56.7pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2027</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 212.65pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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="width: 79.35pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; 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 style="font-family: 'Times New Roman';"> </font><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></font></p>
</td>
<td style="width: 70.85pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="width: 56.7pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="width: 212.65pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.35pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; 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="width: 70.85pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="width: 56.7pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2022</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="width: 212.65pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.35pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; 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="width: 70.85pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="width: 56.7pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2025</font></p>
</td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td style="width: 212.65pt; vertical-align: bottom; height: 12px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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="width: 79.35pt; vertical-align: bottom; height: 12px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; 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="width: 70.85pt; vertical-align: bottom; height: 12px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="width: 56.7pt; vertical-align: bottom; height: 12px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021</font></p>
</td>
</tr>
<tr style="height: 23px;">
<td style="width: 212.65pt; vertical-align: bottom; height: 23px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-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></p>
</td>
<td style="width: 79.35pt; vertical-align: bottom; height: 23px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; 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="width: 70.85pt; vertical-align: bottom; height: 23px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="width: 56.7pt; vertical-align: bottom; height: 23px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2026</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 212.65pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Empresa Carioca de Produtos Qu&#237;micos S.A.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 7pt;">(3)</font></font></p>
</td>
<td style="width: 79.35pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; 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="width: 70.85pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="width: 56.7pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2026</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><font style="font-size: 9pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">(1) </font><font style="font-family: 'Times New Roman';">Based on the legislation in force the project belongs to the sectors identified as priorities for the development of the Northeast region of Brazil</font><font style="font-family: 'Times New Roman';">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">C</font><font style="font-family: 'Times New Roman';">ombined with </font><font style="font-family: 'Times New Roman';">Tequimar's</font><font style="font-family: 'Times New Roman';"> successful track record in meeting the requirements for maintaining and renewing the incentive, as well as in the fact that several investments have been made in the modernization of the production process of the unit that is the object of the benefit &#8211; </font><font style="font-family: 'Times New Roman';">Suape</font><font style="font-family: 'Times New Roman';"> Terminal, the request for the extension of the incentive for another 10 years will be filed in 2021 at SUDENE. The renovation request is usually made in the year after the year in which</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">the incentive expires and generates retroactive effects </font><font style="font-family: 'Times New Roman';">as of</font><font style="font-family: 'Times New Roman';"> January of the year in which the request is filed.</font></font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 9pt;"><font style="font-size: 9pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">(2)</font><font style="font-family: 'Times New Roman';"> The request for ren</font><font style="font-family: 'Times New Roman';">ovation </font><font style="font-family: 'Times New Roman';">of the </font><font style="font-family: 'Times New Roman';">Oleoqu&#237;mica</font><font style="font-family: 'Times New Roman';"> incentive will be filed in 2022, </font><font style="font-family: 'Times New Roman';">for the same reasons</font><font style="font-family: 'Times New Roman';"> described in note 1 above.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 9pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 9pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">(</font><font style="font-family: 'Times New Roman'; vertical-align: super;">3</font><font style="font-family: 'Times New Roman'; vertical-align: super;">) </font><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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; font-size: 10pt;">d. Income and social contribution taxes carryforwards</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">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';">,</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,</font><font style="font-family: 'Times New Roman';">687</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">482</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$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">1,</font><font style="font-family: 'Times New Roman';">689</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">232</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(</font><font style="font-family: 'Times New Roman';">R$ </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>
</div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>46</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin: 0px; text-align: justify; line-height: 115%; font-size: 11pt; text-indent: 0px;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 205px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 74%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 12%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">205,604</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 12%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">148,306</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">72,318</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">72,318</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,537</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultrapar</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,736</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,051</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Iconic</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,691</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,657</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,362</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Tequimar</font><font style="font-family: 'Times New Roman';"> Vila do Conde </font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">489</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">107</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">UVC </font><font style="font-family: 'Times New Roman';">Investimentos</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cia Ultragaz</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,808</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">363,862</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">278,140</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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; height: 86px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 74%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 12%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">294,400</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 12%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">237,664</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Millennium</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">640</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">96</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,802</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,636</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">302,842</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">242,396</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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; height: 96px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">US$ (thousands)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">US$ (thousands)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">R$ (thousands)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">R$ (thousands)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 46%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">217,837</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">184,781</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,132,035</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">744,797</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,943</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,444</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,279</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30,005</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,261</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,420</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32,535</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,000</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">232,041</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">202,645</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,205,849</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">816,802</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</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'>47</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
</div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt; /* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<div>
<div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt; font-weight: bold;"><font style="font-family: 'Times New Roman';">10. Prepaid </font><font style="font-family: 'Times New Roman';">e</font><font style="font-family: 'Times New Roman';">xpenses&nbsp;</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 218px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 53%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Rents</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 11%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 11%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 11%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30,400</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 11%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">37,106</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Advertising and publicity</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,752</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,857</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred stock plan, net (see Note 8.c)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,970</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,900</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,965</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Insurance premiums</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">971</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">327</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">58,675</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">61,884</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Software maintenance</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,105</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,233</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,216</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Employee benefits</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">526</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,924</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,425</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IPVA and IPTU</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,632</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">937</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Contribution - private pension fund (see Note 20.a)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,068</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other prepaid expenses</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,045</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,181</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,572</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">327</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">202,629</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">180,571</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,684</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">72</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">132,122</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">111,355</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,888</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">255</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">70,507</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69,216</font></p>
</td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<h1 style="margin: 0px; break-inside: avoid; break-after: avoid; font-size: 12pt; text-indent: 0px;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">11. Contractual </font><font style="font-family: 'Times New Roman';">a</font><font style="font-family: 'Times New Roman';">ssets with </font><font style="font-family: 'Times New Roman';">c</font><font style="font-family: 'Times New Roman';">ustomers &#8211; </font><font style="font-family: 'Times New Roman';">e</font><font style="font-family: 'Times New Roman';">xclusive </font><font style="font-family: 'Times New Roman';">r</font><font style="font-family: 'Times New Roman';">ights (Consolidated)</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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</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';">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';">, being</font><font style="font-family: 'Times New Roman';"> reviewed as changes occur under the terms of the agreements.</font><font style="font-family: 'Times New Roman';"> In December 31, 2020 the contracts amortization weighted average term was five years.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt; background-color: rgb(204, 238, 255);">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: rgb(204, 238, 255);">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance on December 31, 2018</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: rgb(204, 238, 255);">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: rgb(204, 238, 255);">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,518,477</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">330,068</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: rgb(204, 238, 255);">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: rgb(204, 238, 255);">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: rgb(204, 238, 255);">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: rgb(204, 238, 255);">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(355,250)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transfer</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(27,306)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: rgb(204, 238, 255);">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: rgb(204, 238, 255);">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance on December 31, 2019</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: rgb(204, 238, 255);">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid rgb(0, 0, 0); padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: rgb(204, 238, 255);">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,465,989</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Additions</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">549,085</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: rgb(204, 238, 255);">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: rgb(204, 238, 255);">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Amortization</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: rgb(204, 238, 255);">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: rgb(204, 238, 255);">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(289,436)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 2pt; margin-left: 10pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Transfer</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(19,307)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: rgb(204, 238, 255);">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: rgb(204, 238, 255);">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance on December 31, 2020</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: rgb(204, 238, 255);">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double rgb(0, 0, 0); border-top: 1pt solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,706,331</font></p>
</td>
</tr>
<tr>
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
</tr>
<tr style="background-color: rgb(204, 238, 255);">
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: rgb(204, 238, 255);"><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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Current</font></td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: rgb(204, 238, 255);"><br></td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: rgb(204, 238, 255); text-align: right;">478,908</td>
</tr>
<tr>
<td style="width: 354pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Non-current</font></td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; text-align: right;">1,227,423</td>
</tr>

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

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

</table>
<hr class="horizontalLineRemoved" 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;">
<div>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
</div>
<div>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">12. </font><font style="font-family: 'Times New Roman';">Investments</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">a.</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Subsidiaries and joint venture (Parent)</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below present</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';">the full </font><font style="font-family: 'Times New Roman';">amounts</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';">statements of financial position</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">statements of profit or </font><font style="font-family: 'Times New Roman';">loss of</font><font style="font-family: 'Times New Roman';"> subsidiaries and joint venture:</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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; height: 163px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="10" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="6" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Subsidiaries</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Joint venture</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Ultracargo</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> - </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Opera&#231;&#245;es</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Log&#237;sticas</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> e </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Participa&#231;&#245;es</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> Ltda. </font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Oxiteno</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> S.A. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> e </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Com&#233;rcio</font><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Ipiranga</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Produtos</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Petr&#243;leo</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> S.A.</font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Ultrapar</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> International S.A.</font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">UVC</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Centro de </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Conveni&#234;ncias</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> Millennium Ltda.</font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Ea&#237;</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> Clube </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Automobilista</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> S.A.</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Refinaria</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Petr&#243;leo</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Riograndense</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> S.A.</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 29%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Number of shares or units held</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 17%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,839,764</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 7%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,102,127</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 7%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">224,467,228,244</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,995</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 6%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">150</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,194,789</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">80,000,000</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,078,888</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Assets</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,423,217</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,142,503</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,612,986</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,239,492</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,385</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,902</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">85,858</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">462,990</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Liabilities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,861</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,435,367</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,288,033</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,273,193</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,314</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,072</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">469,300</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equity</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,420,356</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">1,707,136</font><font style="font-family: 'Times New Roman';">(*)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">7,324,953</font><font style="font-family: 'Times New Roman';">(*)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(33,701)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,358</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,588</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">63,786</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,310)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net revenue from sales and services</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,039,475</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">64,352,163</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,034</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,223</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,455,668</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income (loss)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">157,404</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">228,146</font><font style="font-family: 'Times New Roman';">(*)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">617,218</font><font style="font-family: 'Times New Roman';">(*)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,201)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,598)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,601)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(19,014)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(65,623)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">% of capital held</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; line-height: 115%; font-size: 11pt; text-indent: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
</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'>49</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin: 0px; text-align: justify; line-height: 115%; font-size: 11pt; text-indent: 0px;"><br></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 161px; width: 100%;" width="100%">

<tr style="height: 16px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="6" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 16px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="4" style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Subsidiaries</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Joint venture</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Ultracargo</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> - </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Opera&#231;&#245;es</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Log&#237;sticas</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> e </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Participa&#231;&#245;es</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> Ltda. </font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Oxiteno</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> S.A. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> e </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Com&#233;rcio</font><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Ipiranga</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Produtos</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Petr&#243;leo</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> S.A.</font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Ultrapar</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> International S.A.</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Refinaria</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Petr&#243;leo</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Riograndense</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> S.A.</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 35%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Number of shares or units held</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 15%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,839,764</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,102,127</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">224,467,228,244</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,995</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,078,888</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Assets</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,264,707</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,475,473</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,052,890</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,192,235</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">562,445</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Liabilities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,710</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,672,264</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,032,143</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,219,735</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">505,851</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equity</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,261,997</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">803</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">209(*)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">7</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">020</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">747(*)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(27,500)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">56,594</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net revenue from sales and services</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,514,022</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">73,679,913</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,156,432</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income (loss)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,529</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">23</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">895(*)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">365</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">680(*)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(41,055)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32,346</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">% of capital held</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">100</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(*) </font><font style="font-family: 'Times New Roman';">A</font><font style="font-family: 'Times New Roman';">djusted for intercompany unrealized profits</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The percentages in the table above are rounded.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The f</font><font style="font-family: 'Times New Roman';">inancial information </font><font style="font-family: 'Times New Roman';">from our business segments</font><font style="font-family: 'Times New Roman';"> is detailed in Note </font><font style="font-family: 'Times New Roman';">32</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<p style="margin: 0px; text-align: justify; font-size: 11pt; 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'>50</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
</div>
<div>
<div style="-aw-headerfooter-type: linked; clear: both;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">B</font><font style="font-family: 'Times New Roman';">alances and changes in subsidiaries and joint venture are as follows:</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 0px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 80%; margin-left: 0.1px; margin-right: 10px;" width="80%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 8.82353%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="12" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 72.3039%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Subsidiaries</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Joint venture</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 7.72059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 11px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px; width: 8.82353%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px; border-bottom: 1pt solid #000000; width: 9.06863%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Ultracargo</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Opera&#231;&#245;es</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Log&#237;sticas</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> e </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Participa&#231;&#245;es</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> Ltda. </font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px; border-bottom: 1pt solid #000000; width: 8.08824%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Oxiteno</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">S.A. </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> e </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Com&#233;rcio</font><font style="font-family: 'Times New Roman'; font-weight: bold; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px; border-bottom: 1pt solid #000000; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Ipiranga</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Produtos</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Petr&#243;leo</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> S.A.</font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px; border-bottom: 1pt solid #000000; width: 5.39216%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">UVC</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px; border-bottom: 1pt solid #000000; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Centro de </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Conveni&#234;ncias</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> Millennium Ltda.</font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px; border-bottom: 1pt solid #000000; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Ea&#237;</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> Clube </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Automobilista</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> S.A.</font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px; border-bottom: 1pt solid #000000; width: 9.19118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Ultrapar</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> International S.A.</font></font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px; border-bottom: 1pt solid #000000; width: 8.21078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px; border-bottom: 1pt solid #000000; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Refinaria</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Petr&#243;leo</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Riograndense</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> S.A.</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px; border-bottom: 1pt solid #000000; width: 7.72059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Total</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.82353%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Balance as</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">of</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">December</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">31, 2018</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.06863%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">1,277,423</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.08824%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">2,806,655</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">5,415,812</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 5.39216%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.19118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">9,590</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.21078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">9,509,480</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">20,118</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 7.72059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">9,529,598</font></p>
</td>
</tr>
<tr style="height: 64px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 64px; width: 8.82353%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Share of</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">profit (loss)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">of subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">and&nbsp;</font><font style="font-family: 'Times New Roman';">joint</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">venture</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 64px; width: 9.06863%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">35,529</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 64px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 64px; width: 8.08824%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">23,895</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 64px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 64px; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">365,680</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 64px; width: 5.39216%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 64px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 64px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 64px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 64px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 64px; width: 9.19118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(41,051)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 64px; width: 8.21078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">384,053</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 64px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 64px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">10,740</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 64px; width: 7.72059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">394,793</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8.82353%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Dividends</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.06863%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(50,015)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.08824%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(1,011,490)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(198,000)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.39216%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.19118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.21078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(1,259,505)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(4,295)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 7.72059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(1,263,800)</font></p>
</td>
</tr>
<tr style="height: 25px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 25px; width: 8.82353%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Tax liabilities on equity - method revaluation reserve</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 9.06863%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 8.08824%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(31)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 5.39216%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 9.19118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 8.21078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(31)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 25px; width: 7.72059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(31)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 8.82353%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Equity instrument granted</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.06863%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">303</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.08824%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">687</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">6,671</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 5.39216%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.19118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.21078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">7,661</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 7.72059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">7,661</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; width: 8.82353%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Valuation adjustment of subsidiaries</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.06863%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(1,605)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.08824%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(52,854)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(19,385)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 5.39216%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.19118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.21078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(73,844)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(7,771)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.72059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(81,615)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 8.82353%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Translation adjustments of foreign-based subsidiaries</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.06863%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.08824%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">36,570</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 5.39216%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.19118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.21078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">36,570</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 7.72059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">36,570</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; width: 8.82353%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Capital increase in cash</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.06863%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.08824%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">1,450,000</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 5.39216%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.19118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">3,964</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.21078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">1,453,964</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.72059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">1,453,964</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 8.82353%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">Redemption of subsidiary 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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 9.06863%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">362</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 8.08824%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(254)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 5.39216%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 9.19118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 8.21078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">108</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff; width: 7.72059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">108</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.82353%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Transfer to provision for short-term liabilities</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.06863%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.08824%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 5.39216%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.19118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">27,497</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.21078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">27,497</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.72059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">27,497</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 8.82353%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.06863%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">1,261,997</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.08824%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">1,803,209</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">7,020,747</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 5.39216%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.19118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.21078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">10,085,953</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">18,792</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 7.72059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">10,104,745</font></p>
</td>
</tr>
<tr style="height: 38px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 38px; width: 8.82353%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Share of profit (loss) of subsidiaries and joint venture</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 38px; width: 9.06863%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">157,404</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 38px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 38px; width: 8.08824%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">228,146</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 38px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 38px; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">617,218</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 38px; width: 5.39216%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(3,598)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 38px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(1,601)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 38px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 38px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(19,014)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 38px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 38px; width: 9.19118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(6,201)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 38px; width: 8.21078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">972,354</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 38px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 38px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(21,788)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 38px; width: 7.72059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">950,566</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 8.82353%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Dividends</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.06863%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.08824%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(141,138)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(305,130)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 5.39216%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.19118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 8.21078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(446,268)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(165)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 7.72059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(446,433)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; width: 8.82353%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Tax liabilities on equity - method revaluation reserve</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 9.06863%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 8.08824%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(12)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 5.39216%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 9.19118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 8.21078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(12)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 7.72059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(12)</font></p>
</td>
</tr>
<tr style="height: 51px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 51px; background-color: #cceeff; width: 8.82353%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Equity instrument granted</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 9.06863%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">503</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 8.08824%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">703</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">1,902</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 5.39216%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">2,800</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 9.19118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 8.21078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">5,908</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px; background-color: #cceeff; width: 7.72059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">5,908</font></p>
</td>
</tr>
<tr style="height: 12px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 12px; width: 8.82353%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">Valuation adjustment of subsidiaries (</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 12px; width: 9.06863%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">487</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 12px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 12px; width: 8.08824%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(312,953)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 12px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 12px; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(7,554)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 12px; width: 5.39216%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 12px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 12px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 12px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 12px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 12px; width: 9.19118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 12px; width: 8.21078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(320,020)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 12px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 12px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">1,065</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 12px; width: 7.72059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(318,955)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 8.82353%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Translation adjustments of foreign-based subsidiaries</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.06863%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.08824%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">129,169</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 5.39216%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.19118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.21078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">129,169</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 7.72059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">129,169</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; width: 8.82353%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Capital increase in cash</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.06863%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.08824%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 5.39216%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">7,956</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">10,000</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">80,000</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.19118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.21078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">97,956</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.72059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">97,956</font></p>
</td>
</tr>
<tr style="height: 73px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 73px; background-color: #cceeff; width: 8.82353%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 73px; background-color: #cceeff; width: 9.06863%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(35)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 73px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 73px; background-color: #cceeff; width: 8.08824%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 73px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 73px; background-color: #cceeff; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(1,029)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 73px; background-color: #cceeff; width: 5.39216%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 73px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 73px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 73px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 73px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 73px; background-color: #cceeff; width: 9.19118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 73px; background-color: #cceeff; width: 8.21078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(1,064)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 73px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 73px; background-color: #cceeff; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 73px; background-color: #cceeff; width: 7.72059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(1,064)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; width: 8.82353%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman';">Shareholder transaction - changes of </font><font style="font-family: 'Times New Roman';">investiments</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.06863%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.08824%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">(1,189)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 5.39216%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">1,189</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.19118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 8.21078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 7.72059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff; width: 8.82353%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Transfer to provision</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">for short-term liabilities</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.06863%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.08824%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 5.39216%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.19118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">6,201</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 8.21078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">6,201</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">2,096</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 7.72059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">8,297</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; width: 8.82353%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">Balance as of</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">December 31, 2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; width: 9.06863%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">1,420,356</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; width: 8.08824%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">1,707,136</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; width: 7.10784%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">7,324,953</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; width: 5.39216%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">4,358</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">9,588</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; width: 9.68137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">63,786</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; width: 9.19118%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; width: 8.21078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">10,530,177</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 1.47059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; width: 9.55882%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom: 2.8pt double #000000; width: 7.72059%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">10,530,177</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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, substantially to </font><font style="font-family: 'Times New Roman';">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';">, see Note </font><font style="font-family: 'Times New Roman';">33.h.</font><font style="font-family: 'Times New Roman';">2.</font></font></p>
</div>
</div>
</div>
<div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><br></p>
</div>
</div>
</div>
<div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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'>51</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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;">
<div>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 142px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 203.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.1pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Provision for short-term liabilities</font></p>
</td>
<td style="width: 7.1pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 70.85pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 29px;">
<td style="width: 203.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 7.1pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><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="width: 7.1pt; border-top: 0.75pt solid #000000; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Joint venture</font></p>
</td>
<td style="width: 7.1pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 70.85pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 203.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 7.1pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Ultrapar</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> International S.A.</font></font></p>
</td>
<td style="width: 7.1pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Refinaria</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Petr&#243;leo</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Riograndense</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> S.A.</font></font></p>
</td>
<td style="width: 7.1pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Total</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 203.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2018</font></p>
</td>
<td style="width: 7.1pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 203.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transfer to provision for short-term liabilities</font></p>
</td>
<td style="width: 7.1pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,497</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,497</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 203.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="width: 7.1pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,497</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,497</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 203.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transfer to provision for short-term liabilities</font></p>
</td>
<td style="width: 7.1pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,201</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,096</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,297</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 203.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="width: 7.1pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33,698</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,096</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,794</font></p>
</td>
</tr>

</table>
<div style="-aw-headerfooter-type: linked; clear: both;">
<div style="-aw-sdt-tag: '';">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><br></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
</div>
</div>
<div style="-aw-headerfooter-type: linked; clear: both;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" 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>
<div style="-aw-headerfooter-type: linked; clear: both;">
<div style="-aw-sdt-tag: '';">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; font-size: 10pt;">b. Joint ventures (Consolidated)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';"> IPP participat</font><font style="font-family: 'Times New Roman';">e</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> in </font><font style="font-family: 'Times New Roman';">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';">, in </font><font style="font-family: 'Times New Roman';">Bel&#233;m</font><font style="font-family: 'Times New Roman';"> (PA),</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';">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;)</font><font style="font-family: 'Times New Roman';">;</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">or the port of Vit&#243;ria</font><font style="font-family: 'Times New Roman';"> (ES),</font><font style="font-family: 'Times New Roman';"> participate</font><font style="font-family: 'Times New Roman';">s</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';">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;)</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';">Cabedelo</font><font style="font-family: 'Times New Roman';"> (PB)</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';">participat</font><font style="font-family: 'Times New Roman';">ion</font><font style="font-family: 'Times New Roman';"> in the </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';"> </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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">financial </font><font style="font-family: 'Times New Roman';">statements</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';">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';">20</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><br></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>53</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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>
<div style="-aw-headerfooter-type: linked; clear: both;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="-aw-headerfooter-type: linked; clear: both;">
<div>
<div>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balances and changes in joint ventures are as follows:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 318px; width: 100%;" width="100%">

<tr style="height: 45px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 45px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 45px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 45px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 45px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">RPR</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 45px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 45px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">ConectCar</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 45px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 45px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 45px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 45px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 45px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 45px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 45px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 45px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 45px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 45px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 45px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 45px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Total</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 26%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2018</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 7%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,446</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 7%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,118</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 7%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">74,390</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 7%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 7%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 6%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">101,954</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capital increase</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,000</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,351</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,581</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,930</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,183</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,079</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">79,124</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Valuation adjustments</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,771)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,771)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,474)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,295)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,769)</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of joint ventures</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,370</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,740</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(26,572)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,462)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,342</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,792</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">82,818</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,351</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,581</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,930</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,183</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,079</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">153,076</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capital increase</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,000</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">303</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,894</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,006</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,203</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capital reduction</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(363)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(363)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Valuation adjustments</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,065</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,065</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(165)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(165)</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of joint ventures</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">392</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(21,788)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(21,638)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,594)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,409)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(401)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">626</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(45,812)</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transfer to provision for short-term liabilities</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,096</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,096</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,734</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">81,180</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,351</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,624</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">824</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,676</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,711</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">139,100</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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 members of the consortium.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="width: 168pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td rowspan="2" style="width: 78.75pt; border-bottom: 0.75pt solid #000000; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Provision for short-term liabilities</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 168pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 168pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 72.75pt; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">RPR</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 168pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="width: 72.75pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 168pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Transfer to provision for short-term liabilities</font></p>
</td>
<td style="width: 72.75pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,096</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 168pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="width: 72.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,096</font></p>
</td>
</tr>

</table>
</div>
</div>
<div style="-aw-headerfooter-type: linked; clear: both;">
<div style="-aw-sdt-tag: '';">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><br></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
</div>
</div>
<div style="-aw-headerfooter-type: linked; clear: both;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" 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>
<div style="-aw-headerfooter-type: linked; clear: both;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below presents the </font><font style="font-family: 'Times New Roman';">statements of financial position</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">statements of profit or </font><font style="font-family: 'Times New Roman';">loss of</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">joint ventures: </font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 305px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 186.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="13" style="width: 57pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 33px;">
<td style="width: 186.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><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="width: 1.8pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">RPR</font></p>
</td>
<td style="width: 1.8pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">ConectCar</font></p>
</td>
<td style="width: 1.8pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><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 style="font-family: 'Times New Roman'; font-weight: bold;"> (*)</font></font></p>
</td>
<td style="width: 1.8pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><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="width: 1.8pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><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="width: 1.8pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 64.1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><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>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 186.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current assets</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,510</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">291,720</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">161,371</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,691</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">972</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,531</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,513</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 186.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current assets</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,796</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">171,270</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">169,843</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">166,389</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,021</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,005</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30,503</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 186.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current liabilities</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,698</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">363,388</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">168,854</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 186.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current liabilities</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">140</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105,912</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">126,201</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,516</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,504</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,877</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 186.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equity</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,468</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,310)</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">162,360</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">64,871</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,473</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,027</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,133</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="width: 186.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net revenue from sales and services</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,666</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,455,668</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">91,096</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="width: 186.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Costs, operating expenses and income</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,408)</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,531,652)</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(134,961)</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,480)</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,225)</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,203)</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,878</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="width: 186.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net financial income and income and social contribution taxes</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(474)</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,361</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">589</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,301)</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 186.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income (loss)</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">784</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(65,623)</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(43,276)</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,781)</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,226)</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,203)</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,878</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 186.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 186.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Number of shares or units held</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,995</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,078,888</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">248,768,000</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,298,195</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">681,637</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,933,265</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,871,241</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 186.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">% of capital held</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(*) Accumulated income for the period from the beginning.</font></p>
</div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>55</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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;">
<div>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="width: 235pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="5" style="width: 50.8pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 235pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.8pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><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="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">RPR</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">ConectCar</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 235pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current assets</font></p>
</td>
<td style="width: 50.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,818</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">428,880</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">159,972</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 235pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current assets</font></p>
</td>
<td style="width: 50.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,182</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">133,565</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">161,817</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 235pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current liabilities</font></p>
</td>
<td style="width: 50.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,116</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">418,289</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">155,542</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 235pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current liabilities</font></p>
</td>
<td style="width: 50.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">200</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">87,562</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">612</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 235pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equity</font></p>
</td>
<td style="width: 50.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,684</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">56,594</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">165,635</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 235pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net revenue from sales and services</font></p>
</td>
<td style="width: 50.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,400</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,156,432</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">80,387</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 235pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Costs, operating expenses and income</font></p>
</td>
<td style="width: 50.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(12,083)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,130,323)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(136,764)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 235pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net financial income and income and social contribution taxes</font></p>
</td>
<td style="width: 50.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(577)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,237</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,234</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 235pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income (loss)</font></p>
</td>
<td style="width: 50.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,740</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32,346</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(53,143)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 235pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Number of shares or units held</font></p>
</td>
<td style="width: 50.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,995</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,078,888</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">228,768,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 235pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">% of capital held</font></p>
</td>
<td style="width: 50.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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></p>
</div>
</div>
<div style="-aw-headerfooter-type: linked; clear: both;">
<div style="-aw-sdt-tag: '';">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><br></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>56</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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>
<div style="-aw-headerfooter-type: linked; clear: both;">
<div style="-aw-sdt-tag: '';">
<div style="width: 8.5in; margin: 0 auto;">
<div>
<div>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">c. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Associates (Consolidated)</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Subsidiary IPP holds an interest in </font><font style="font-family: 'Times New Roman';">Transportadora</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Sulbrasileira</font><font style="font-family: 'Times New Roman';"> de </font><font style="font-family: 'Times New Roman';">G&#225;s</font><font style="font-family: 'Times New Roman';"> S.A., which is primarily engaged in natural gas transportation services.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><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';">. </font><font style="font-family: 'Times New Roman';">holds an interest in </font><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. (&#8220;</font><font style="font-family: 'Times New Roman';">Oxicap</font><font style="font-family: 'Times New Roman';">&#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';">Mau&#225;</font><font style="font-family: 'Times New Roman';"> petrochemical complex.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">he 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';"> </font><font style="font-family: 'Times New Roman';">holds an interest in </font><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., which is primarily engaged in manufacturing, marketing</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> and processing of chemicals. The operations of </font><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';"> are currently suspended.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Subsidiary Cia.</font><font style="font-family: 'Times New Roman';"> Ultragaz</font><font style="font-family: 'Times New Roman';"> holds an interest in </font><font style="font-family: 'Times New Roman';">Metal&#250;rgica</font><font style="font-family: 'Times New Roman';"> 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Subsidiary </font><font style="font-family: 'Times New Roman';">Cia. Ultragaz</font><font style="font-family: 'Times New Roman';"> holds an interest in </font><font style="font-family: 'Times New Roman';">Plenog&#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';"> de </font><font style="font-family: 'Times New Roman';">G&#225;s</font><font style="font-family: 'Times New Roman';"> 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The</font><font style="font-family: 'Times New Roman';">se</font><font style="font-family: 'Times New Roman';"> investment</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';"> accounted for under the equity method of accounting based on</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';">financial </font><font style="font-family: 'Times New Roman';">statements</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';">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';">, 2020.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balances and changes in associates are as follows:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 124px; width: 100%;" width="100%">

<tr style="height: 47px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Transportadora</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Sulbrasileira</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold;">G&#225;s</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> S.A. </font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Oxicap</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> de Gases Ltda.</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Qu&#237;mica</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> da Bahia </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> e </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Com&#233;rcio</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> S.A.</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Metal&#250;rgica</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> Plus S.A.</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Plenog&#225;s</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Distribuidora</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold;">G&#225;s</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> S.A.</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Total</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 31%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2018</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,689</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,366</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,590</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">228</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">465</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,338</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(818)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(87)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(905)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of associates</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,790</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">568</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(36)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(90)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">85</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,317</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,661</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,934</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,554</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">138</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">463</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,750</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dividends</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,357)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,357)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Share of profit (loss) of associates</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,846</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">414</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(12)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(91)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,195</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,150</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,348</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,542</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">501</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,588</font></p>
</td>
</tr>

</table>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><br></p>
</div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>57</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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>
<div style="-aw-headerfooter-type: linked; clear: both;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="-aw-headerfooter-type: linked; clear: both;">
<div>
<div>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The table below presents the </font><font style="font-family: 'Times New Roman';">stat</font><font style="font-family: 'Times New Roman';">e</font><font style="font-family: 'Times New Roman';">ments of financial position</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">statements of profit or loss</font><font style="font-family: 'Times New Roman';"> of associates: </font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 285px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="9" style="width: 62.1pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 47px;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Transportadora</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Sulbrasileira</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold;">G&#225;s</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> S.A. </font></font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Oxicap</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> de Gases Ltda.</font></font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Qu&#237;mica</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> da Bahia </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> e </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Com&#233;rcio</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> S.A.</font></font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Metal&#250;rgica</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> Plus S.A.</font></font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 47px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Plenog&#225;s</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Distribuidora</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold;">G&#225;s</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> S.A.</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current assets</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,570</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,136</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">47</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">58</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">352</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current assets</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,822</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">77,339</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,146</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">414</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,196</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current liabilities</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,189</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,116</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">154</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current liabilities</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">602</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,994</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,109</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">302</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">890</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equity</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,601</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">108,365</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,084</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">142</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,504</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net revenue from sales and services</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,295</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">58,677</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Costs, operating expenses and income</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,475)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(54,163)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(24)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(212)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">396</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net financial income and income and social contribution taxes</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(437)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,770)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(60)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(39)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income (loss)</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,383</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,744</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(24)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(272)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">357</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Number of shares or units held</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,124,996</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,987</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,493,120</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,000</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,384,308</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">% of capital held</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 265px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="9" style="width: 62.1pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 51px;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Transportadora</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Sulbrasileira</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold;">G&#225;s</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> S.A. </font></font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Oxicap</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> de Gases Ltda.</font></font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Qu&#237;mica</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> da Bahia </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Ind&#250;stria</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> e </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Com&#233;rcio</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> S.A.</font></font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Metal&#250;rgica</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> Plus S.A.</font></font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Plenog&#225;s</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold;">Distribuidora</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold;">G&#225;s</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> S.A.</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current assets</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,172</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">45,178</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">71</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">151</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current assets</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,041</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">84,705</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,147</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">703</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,440</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current liabilities</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,944</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,041</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current liabilities</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">626</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,634</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,110</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">302</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,167</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equity</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,643</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">109,208</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,108</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">416</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,390</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net revenue from sales and services</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,348</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,463</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Costs, operating expenses and income</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,815)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(36,791)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(84)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(213)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">285</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net financial income and income and social contribution taxes</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(157)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,483)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(57)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(29)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income (loss)</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,376</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,189</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(72)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(270)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">256</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Number of shares or units held</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,124,996</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,987</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,493,120</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,000</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,384,308</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 138.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">% of capital held</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 62.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The percentages in the table above are rounded.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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'>58</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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="-aw-headerfooter-type: linked; clear: both;">
<div>
<div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
</div>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">13. </font><font style="font-family: 'Times New Roman';">Right to </font><font style="font-family: 'Times New Roman';">u</font><font style="font-family: 'Times New Roman';">se </font><font style="font-family: 'Times New Roman';">as</font><font style="font-family: 'Times New Roman';">sets and </font><font style="font-family: 'Times New Roman';">l</font><font style="font-family: 'Times New Roman';">eases </font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">ayable</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">a. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Right to </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">u</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">se </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">a</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ssets</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 10pt;">
<li style="text-align: justify; font-family: serif; font-size: 11pt; list-style-position: inside; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-list-padding-sml: 25.34pt; -aw-number-format: '&#61623;';"><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;</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Parent</font></font></li>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 222px; width: 100%;" width="100%">

<tr style="height: 51px;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Weighted average useful life (years)</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2019</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Additions and remeasurement</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Write-offs</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><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="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Amortization</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 55.5pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 51px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 55.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real estate</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,799</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,123</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,001</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 55.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,923</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,762</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(171)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 55.5pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,591</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,799</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,885</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(171)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,001</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 55.5pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,514</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated amortization:</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 55.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real estate</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,762)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,201)</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 55.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,963)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(489)</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 55.5pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(489)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,762)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,690)</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 55.5pt; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,452)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,799</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,885</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(171)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">30,239</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,690)</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 55.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,062</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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 </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';">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>
<p style="margin-top: 2pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div><br></div>
</div>
</div>
</div>
</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'>59</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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;">
<div>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 154px; width: 100%;" width="100%">

<tr style="height: 34px;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Weighted average useful life (years)</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Adoption IFRS 16 / CPC 06 (R2)</font></p>
</td>
<td style="width: 2.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Amortization</font></p>
</td>
<td style="width: 2.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 2.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 2.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real estate</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,799</font></p>
</td>
<td style="width: 2.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,799</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,799</font></p>
</td>
<td style="width: 2.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,799</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated amortization:</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 2.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 2.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real estate</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,799</font></p>
</td>
<td style="width: 2.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,799</font></p>
</td>
</tr>

</table>
<p style="margin-top: 2pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" 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>
<div>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
</div>
<p style="margin-top: 2pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; font-size: 11pt;"><br></p>
<ul type="disc" style="margin: 0pt; padding-left: 10pt;">
<li style="text-align: justify; font-family: serif; font-size: 11pt; list-style-position: inside; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-list-padding-sml: 25.34pt; -aw-number-format: '&#61623;';"><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;</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Consolidated</font></font></li>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 341px; width: 100%;" width="100%">

<tr style="height: 68px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Weighted average useful life (years)</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Additions and remeasurement</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Write-offs</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Amortization</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 14%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real estate</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,068,254</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">259,244</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(78,529)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,463</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,254,432</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68,007</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">200,527</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">268,534</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">91,868</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">55,616</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,893)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">252</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">139,843</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equipment</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,822</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,833</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(572)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,853</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,936</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,846</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,846</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,287,797</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">523,220</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(86,994)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,568</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,735,591</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated amortization:</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real estate</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(256,430)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">46,282</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(697)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(271,130)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(481,975)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,962)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,962)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(27,492)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,509</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">232</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(41,340)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(63,091)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Equipment</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,600)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">572</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,996)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,595)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(19,619)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(15,363)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,295)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(16,658)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(306,885)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">52,363</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,461)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(328,322)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(585,305)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,980,912</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">523,220</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(34,631)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,107</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(328,322)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,150,286</font></p>
</td>
</tr>

</table>
<p style="margin-top: 2pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<div><br></div>
</div>
<table style="font-size: 10pt; width: 100%; font-family: 'times new roman';">

<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>
</div>
</div>
<div><hr class="horizontalLineRemoved" 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;">
<div>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 232px; width: 100.043%;" width="100%">

<tr style="height: 68px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Weighted average useful life (years)</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Adoption IFRS 16 / CPC 06 (R2)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Additions and remeasurement</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Write-offs</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;"><br></td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px; text-align: center;"><font style="font-weight: bold; font-size: 8pt;">Transfer</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Amortization</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 14%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real estate</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,636,330</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">308,622</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(55,605)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 1%;"><br></td>
<td style="padding-right: 3pt; padding-left: 0px; vertical-align: middle; height: 17px; margin: 0pt; text-align: right; width: 10%;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">98,043</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">80,930</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,068,320</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68,007</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 0px; vertical-align: middle; background-color: #cceeff; height: 17px; margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; ;color: black;">-</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68,007</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95,097</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,235</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,981)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 0px; vertical-align: middle; height: 17px; margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; ;color: black;">27,847</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,272</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">151,470</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,731,427</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">402,864</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(57,586)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 0px; vertical-align: middle; background-color: #cceeff; height: 17px; margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; ;color: black;">125,890</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">85,202</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,287,797</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated amortization:</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Real estate</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,682</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 0px; vertical-align: middle; background-color: #cceeff; height: 17px; margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; ;color: black;">-</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(262,750)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(256,032)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">442</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;"><br></td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 0px; vertical-align: middle; height: 17px; margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; ;color: black;">(14,068)</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">81</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(37,308)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(50,853)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,124</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;"><br></td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 0px; vertical-align: middle; background-color: #cceeff; height: 17px; margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; ;color: black;">(14,068)</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">117</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(300,058)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(306,885)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,731,427</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">402,864</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(50,462)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;"><br></td>
<td style="padding-right: 3pt; padding-left: 0px; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; margin: 0pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-size: 10pt; ;color: black;">111,822</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">85,319</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(300,058)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,980,912</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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, which R$ 68,007 was paid by the Company&#8217;s subsidiaries in the fourth quarter of 2019 (see Note 34.c).</font></font></p>
</div>
</div>
<p style="margin-top: 2pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; font-size: 9pt;"><br></p>
<div style="-aw-headerfooter-type: linked; clear: both;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>62</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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>
<div style="-aw-headerfooter-type: linked; clear: both;">
<div style="width: 8.5in; margin: 0 auto;">
<div>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The amortization expenses were recognized in the f</font><font style="font-family: 'Times New Roman';">inancial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';"> as shown below:</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 103px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost of products and services sold</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">66,604</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">48,134</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Selling and marketing</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">257,846</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">244,974</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">General and administrative</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,690</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,872</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,950</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,690</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">328,322</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">300,058</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">b. Lease</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">s</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">p</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ayable</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The changes in leases </font><font style="font-family: 'Times New Roman';">payable </font><font style="font-family: 'Times New Roman';">are shown below:</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 341px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2018</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">46,066</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Adoption IFRS 16/CPC 06 (R2)</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,799</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,363,803</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest accrued</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">200</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">128,996</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payments</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(321,716)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions and remeasurement</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">334,857</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Write-offs</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(52,129)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">88,796</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,999</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,588,673</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest accrued</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,865</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">144,655</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payments</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,256)</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(360,787)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions and remeasurement</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,885</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">484,121</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Write-offs</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(171)</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(35,381)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,007</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Assignment of contract (</font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">)</font></font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">31,612</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">37,934</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,833,288</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,688</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">260,189</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">33,246</font></p>
</td>
<td style="width: 3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,573,099</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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 </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';">Ultrapar</font><font style="font-family: 'Times New Roman';"> due implantation of </font><font style="font-family: 'Times New Roman';">SSC</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>63</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The future disbursements (installments) assumed under </font><font style="font-family: 'Times New Roman';">leases</font><font style="font-family: 'Times New Roman';"> contracts are presented below:</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 146px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 74%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Up to 1 year</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,733</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">396,010</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 1 to 2 years</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,733</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">351,894</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 2 to 3 years</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,128</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">316,195</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 3 to 4 years</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,763</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">284,575</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 4 to 5 years</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,763</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">256,429</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">More than 5 years</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,015</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,129,281</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,135</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,734,384</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The contracts related to the </font><font style="font-family: 'Times New Roman';">leases</font><font style="font-family: 'Times New Roman';"> 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';">Get&#250;lio</font><font style="font-family: 'Times New Roman';"> Vargas Foundation).</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">c. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Lease contracts of low amount assets</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Subsidiaries Cia. Ultragaz, </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';">Extrafarma</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';">Serma</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 operating lease contracts </font><font style="font-family: 'Times New Roman';">consider as low value, short term and variable payments </font><font style="font-family: 'Times New Roman';">for the use of</font><font style="font-family: 'Times New Roman';"> factory and</font><font style="font-family: 'Times New Roman';"> IT </font><font style="font-family: 'Times New Roman';">equipment</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';">, vehicles and real states</font><font style="font-family: 'Times New Roman';">. The subsidiaries have the option to purchase the assets </font><font style="font-family: 'Times New Roman';">referring to IT equipment </font><font style="font-family: 'Times New Roman';">at a price equal to the fair </font><font style="font-family: 'Times New Roman';">value</font><font style="font-family: 'Times New Roman';"> on the date of option, and management does not intend to exercise such option. The future disbursements (</font><font style="font-family: 'Times New Roman';">payments</font><font style="font-family: 'Times New Roman';">), assumed </font><font style="font-family: 'Times New Roman';">as a result of</font><font style="font-family: 'Times New Roman';"> these contracts amount approximately to:</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; widows: 0; orphans: 0; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 60px; width: 100%;" width="100%">

<tr style="height: 33px;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Up to 1 year</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Between 1 and 5 years</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">More than 5 years</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Total</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">12/31/2020</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,147</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,145</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,292</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">12/31/2019</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,474</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,028</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,502</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; widows: 0; orphans: 0; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The</font><font style="font-family: 'Times New Roman';"> amount of lease considered</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as</font><font style="font-family: 'Times New Roman';"> of</font><font style="font-family: 'Times New Roman';"> low value, short term and variable payments, recognized as an </font><font style="font-family: 'Times New Roman';">expense </font><font style="font-family: 'Times New Roman';">as of December 31, </font><font style="font-family: 'Times New Roman';">2020</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">was R</font><font style="font-family: 'Times New Roman';">$ </font><font style="font-family: 'Times New Roman';">17,749</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';">11,400</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';">2019</font><font style="font-family: 'Times New Roman';">).</font></font></p>
</div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>64</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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;">
<div>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">d. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Inflation effect</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The effects of inflation are as follows:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 320px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Right to use asset, net</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Nominal base</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35,062</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,150,286</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Inflated base</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,677</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,587,651</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21.7%</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20.3%</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Lease liability</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Nominal base</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">37,934</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,833,288</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Inflated base</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">45,548</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,270,653</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20.1%</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23.9%</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Financial expense</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Nominal base</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,865</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">144,655</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Inflated base</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,069</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">194,094</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42.0%</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34.2%</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Amortization expense</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Nominal base</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,690</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">328,322</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Inflated base</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,658</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">376,946</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 268.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; color: #323130; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20.6%</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14.8%</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<div style="-aw-headerfooter-type: linked; clear: both;">
<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 class="horizontalLineRemoved" 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>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
</div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt; /* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><br></p>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt; font-weight: bold;"><font style="font-family: 'Times New Roman';">14. </font><font style="font-family: 'Times New Roman';">Property, </font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">lant, and </font><font style="font-family: 'Times New Roman';">e</font><font style="font-family: 'Times New Roman';">quipment</font></font><br></p>
</div>
<div>
<div style="-aw-headerfooter-type: linked; clear: both;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><br></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Balances and changes in </font><font style="font-family: 'Times New Roman';">PP&amp;E</font><font style="font-family: 'Times New Roman';"> are as follows:</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 10pt;">
<li style="text-align: justify; font-family: serif; font-size: 11pt; list-style-position: inside; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-list-padding-sml: 25.34pt; -aw-number-format: '&#61623;';"><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-weight: bold; font-style: italic;">Parent</font></font></li>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 242px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Weighted average useful life (years)</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Additions</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Depreciation</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 30%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 11%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 11%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 11%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 11%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 11%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 11%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leasehold improvements</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">142</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,052</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,194</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Machinery and equipment</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">82</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">82</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Furniture and utensils</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">398</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">502</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Construction in progress</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,532</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,532)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IT equipment</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,293</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,293</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,532</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,539</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,071</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated depreciation:</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leasehold improvements</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(178)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(178)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Machinery and equipment</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Furniture and utensils</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(37)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(37)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IT equipment</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,522)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,522)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,743)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,743)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,532</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">13,539</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,743)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,328</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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 amounts transferred from intangible assets.&nbsp;</font></font></p>
</div>
</div>
</div>
<div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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'>66</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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="margin: 0 auto;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><br></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 123px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Weighted average useful life (years)</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2018</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Additions</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Depreciation</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Construction in progress</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,532</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,532</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,532</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,532</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated depreciation:</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Construction in progress</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 121.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,532</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,532</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" 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="margin: 0 auto;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></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: 10pt;">
<li style="text-align: justify; font-family: serif; font-size: 11pt; list-style-position: inside; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-list-padding-sml: 25.34pt; -aw-number-format: '&#61623;';"><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; </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Consolidated</font></font></li>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 48.2pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Weighted average useful life (years)</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Additions</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Depreciation</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Write-offs and disposals</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 30%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Land</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">667,865</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,300</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,113</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,427)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,257</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">687,108</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Buildings</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,925,946</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,572</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">148,527</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(27,210)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">81,875</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,154,710</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leasehold improvements</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,121,528</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,374</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">89,559</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(16,954)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">315</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,222,822</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Machinery and equipment</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,707,721</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">144,089</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">378,883</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,554)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">273,223</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,498,362</font></p>
</td>
</tr>
<tr style="height: 25.5pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Automotive fuel/lubricant distribution equipment and facilities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,991,472</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">90,279</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">133,963</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(46,394)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,169,320</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">LPG tanks and bottles</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">755,460</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,230</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">289</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(44,500)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">776,479</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">320,161</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22,495</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,363</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(40,517)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">334</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">310,836</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Furniture and utensils</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">295,604</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,985</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,775</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,694)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,042</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">316,712</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Construction in progress</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">827,086</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">506,367</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(765,785)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,167)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,194</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">580,695</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Advances to suppliers</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,544</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,339</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,185)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(56)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34,642</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Imports in progress</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">250</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,437</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(822)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">866</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IT equipment</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">412,809</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32,134</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">539</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,827)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,189</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">444,844</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,038,446</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">979,601</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,781)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(203,300)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">386,430</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,197,396</font></p>
</td>
</tr>

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

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

</table>
<hr class="horizontalLineRemoved" 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="margin: 0 auto;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 48.2pt; -aw-height-rule: exactly;">
<td style="width: 158.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2019</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Additions</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Depreciation</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><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="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Write-offs and disposals</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 158.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated depreciation:</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 158.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Buildings</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(793,835)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(65,318)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,376</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,021</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,641)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(851,397)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 158.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leasehold improvements</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(614,379)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(80,995)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,252</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(88)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(689,161)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 158.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Machinery and equipment</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,231,627)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(317,694)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">59</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,091</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(53,133)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,598,304)</font></p>
</td>
</tr>
<tr style="height: 25.5pt; background-color: #cceeff;">
<td style="width: 158.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Automotive fuel/lubricant distribution equipment and facilities</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,766,878)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(176,404)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">36,335</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,906,953)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 158.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">LPG tanks and bottles</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(425,554)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(56,267)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(30)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,200</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(454,651)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 158.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(139,045)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(24,585)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">48</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,997</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(269)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(143,854)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 158.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Furniture and utensils</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(171,475)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(21,060)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,988</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,173)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(191,713)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 158.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IT equipment</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(318,063)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(35,080)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">122</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,676</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,911)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(352,256)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 158.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,460,856)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(777,403)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,625</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">119,560</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(72,215)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,188,289)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 158.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for losses:</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 158.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Advances to suppliers</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(110)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(110)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 158.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Land</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(146)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(146)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 158.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leasehold improvements</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,599)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">910</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">639</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(61)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 158.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Machinery and equipment</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,875)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">156</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(138)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,857)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 158.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Automotive fuel/lubricant distribution equipment and facilities</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(98)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(73)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 158.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,828)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">910</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">820</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(149)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,247)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 158.4pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,572,762</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">980,511</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(777,403)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,156)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(82,920)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">314,066</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,005,860</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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 amounts transferred between rubrics and to</font><font style="font-family: 'Times New Roman';">&nbsp;intangible assets.</font></font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" 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="margin: 0 auto;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 48pt; -aw-height-rule: exactly;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 60.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Weighted average useful life (years)</font></p>
</td>
<td style="width: 47.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2018</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Additions</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Depreciation</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 39.35pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><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="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Write-offs and disposals</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Oxiteno</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> Andina (*)</font></font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/30/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="width: 60.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 39.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Land</font></p>
</td>
<td style="width: 60.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">620,879</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,420</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 39.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,785</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,017)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,059</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(261)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">667,865</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Buildings</font></p>
</td>
<td style="width: 60.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,801,073</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,117</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 39.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105,861</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,339)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,023</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,789)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,925,946</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leasehold improvements</font></p>
</td>
<td style="width: 60.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,015,640</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,191</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 39.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">129,234</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(42,552)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,121,528</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Machinery and equipment</font></p>
</td>
<td style="width: 60.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,219,256</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">131,831</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 39.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">365,953</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,967)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,596</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,948)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,707,721</font></p>
</td>
</tr>
<tr style="height: 25.5pt; -aw-height-rule: exactly;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Automotive fuel/lubricant distribution equipment and facilities</font></p>
</td>
<td style="width: 60.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,864,333</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">103,288</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 39.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">81,038</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(57,187)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,991,472</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">LPG tanks and bottles</font></p>
</td>
<td style="width: 60.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">743,016</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,351</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 39.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,993)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(45,914)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">755,460</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="width: 60.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">308,756</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,686</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 39.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,564</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(20,353)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(394)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(98)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">320,161</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Furniture and utensils</font></p>
</td>
<td style="width: 60.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">279,016</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,009</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 39.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,399</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,665)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">198</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(353)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">295,604</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Construction in progress</font></p>
</td>
<td style="width: 60.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">922,799</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">591,525</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 39.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(695,301)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(108)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8,344</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(173)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">827,086</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Advances to suppliers</font></p>
</td>
<td style="width: 60.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,088</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,378</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 39.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,921)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,544</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Imports in progress</font></p>
</td>
<td style="width: 60.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,513</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 39.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,304)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">250</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IT equipment</font></p>
</td>
<td style="width: 60.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="width: 47.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">395,063</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,771</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 39.35pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">872</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,249)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">352</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">412,809</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 60.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,183,960</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,051,080</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 39.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(20,813)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(185,351)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,192</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(16,622)</font></p>
</td>
<td style="width: 2.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,038,446</font></p>
</td>
</tr>

</table>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
</div>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>70</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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="margin: 0 auto;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)&nbsp;</font></i></font></font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 681px; width: 100%;" width="100%">

<tr style="height: 85px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 85px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 85px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 85px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2018</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 85px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 85px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Additions</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 85px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 85px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Depreciation</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 85px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 85px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><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="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 85px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 85px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Write-offs and disposals</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 85px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 81.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 85px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 85px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 85px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Oxiteno</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> Andina (*)</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 85px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 85px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2019</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated depreciation:</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 81.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Buildings</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(743,117)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(58,158)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">187</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,681</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 81.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">893</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,679</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(793,835)</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leasehold improvements</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(558,042)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(84,664)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,040</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,291</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 81.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(614,379)</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Machinery and equipment</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,969,209)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(298,767)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,983</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,510</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 81.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,340</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,516</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,231,627)</font></p>
</td>
</tr>
<tr style="height: 68px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 68px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Automotive fuel/lubricant distribution equipment and facilities</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,657,608)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(159,961)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,691</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 81.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,766,878)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">LPG tanks and bottles</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(401,056)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(57,890)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,467</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,925</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 81.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(425,554)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Vehicles</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(123,650)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(27,106)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,274</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 81.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">311</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">98</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(139,045)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Furniture and utensils</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(155,339)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(18,944)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(12)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,280</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 81.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">204</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">336</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(171,475)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IT equipment</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(288,083)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(34,782)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,061</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 81.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(309)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(318,063)</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Construction in progress</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,896,104)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(740,272)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,743</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">132,713</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 81.85pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,435</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,629</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,460,856)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 81.85pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for losses:</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 81.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Advances to suppliers</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(83)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(27)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 81.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(110)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Buildings</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(306)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 81.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">306</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Land</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(827)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 81.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">681</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(146)</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Leasehold improvements</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,385)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,528)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">111</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 81.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,203</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,599)</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Machinery and equipment</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,117)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">769</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 81.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,138</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,335</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,875)</font></p>
</td>
</tr>
<tr style="height: 68px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Automotive fuel/lubricant distribution equipment and facilities</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(165)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">67</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 81.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 68px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(98)</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Construction in progress</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(38)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 81.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Furniture and utensils</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(70)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 81.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(8,991)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,555)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">948</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 81.85pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,341</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,429</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,828)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,278,865</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,049,525</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 56.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(740,272)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11,070)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 59.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(51,690)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 81.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">45,968</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,436</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,572,762</font></p>
</td>
</tr>

</table>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(i) Refers to amounts transferred to intangible assets, inventories and right to use assets.</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(*) Refers to the asset write-offs of Oxiteno Andina</font><font style="font-family: 'Times New Roman';"> in 2019 (</font><font style="font-family: 'Times New Roman';">see Note 3.</font><font style="font-family: 'Times New Roman';">b.3</font><font style="font-family: 'Times New Roman';"> of financial statements filed on CVM on February </font><font style="font-family: 'Times New Roman';">19</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>
</div>
<div style="-aw-headerfooter-type: linked; clear: both;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
</div>
<div style="-aw-headerfooter-type: linked; clear: both;">
<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 class="horizontalLineRemoved" 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="margin: 0 auto;">
<div style="-aw-headerfooter-type: linked; clear: both;">
<div style="width: 8.5in; margin: 0 auto;">
<div>
<div style="-aw-headerfooter-type: linked; clear: both;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><br></p>
</div>
</div>
<div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Construction in progress relates substantially to expansions, renovations, constructions and upgrade of industrial facilities, terminals, stores, service stations and distribution bases.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Advances to suppliers is related, basically, to manufacturing of assets for expansion of plants, terminals, stores</font><font style="font-family: 'Times New Roman';">, service stations</font><font style="font-family: 'Times New Roman';"> and bases and acquisition of real estate.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The depreciation expenses were recognized in the </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">inancial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as shown below:</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 187.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 187.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 187.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Inventories and cost of products and services sold</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">429,984</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">405,966</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 187.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Selling and marketing</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">297,172</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">285,671</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 187.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">General and administrative</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,743</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,247</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">48,635</font></p>
</td>
</tr>
<tr style="height: 13.5pt; -aw-height-rule: exactly;">
<td style="width: 187.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,743</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">777,403</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">740,272</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div style="-aw-headerfooter-type: linked; clear: both;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
</div>
</div>
</div>
</div>
<p><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'>72</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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="margin: 0 auto;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">15. </font><font style="font-family: 'Times New Roman';">Intangible </font><font style="font-family: 'Times New Roman';">a</font><font style="font-family: 'Times New Roman';">ssets</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 10pt;">
<li style="margin-top: 2pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; widows: 0; orphans: 0; font-family: serif; font-size: 11pt; list-style-position: inside; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-list-padding-sml: 25.34pt; -aw-number-format: '&#61623;';"><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; </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Parent</font></font></li>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; widows: 0; orphans: 0; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 22.7pt; -aw-height-rule: exactly;">
<td style="width: 19.2402%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 11.6422%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Weighted average useful life (years)</font></p>
</td>
<td style="width: 12.5%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 9pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2019</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 12.3775%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 9pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Additions</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 12.8676%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 9pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Amortization</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 12.6225%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 19.2402%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="width: 11.6422%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.5%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.3775%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.8676%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.6225%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 19.2402%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Goodwill (a)</font></p>
</td>
<td style="width: 11.6422%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 12.5%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">246,163</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.3775%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.8676%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.6225%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">246,163</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 19.2402%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Software (b)</font></p>
</td>
<td style="width: 11.6422%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="width: 12.5%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.3775%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,111</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.8676%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.6225%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,111</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 19.2402%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.6422%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.5%; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">246,163</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.3775%; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,111</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.8676%; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.6225%; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">255,274</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 19.2402%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated amortization:</font></p>
</td>
<td style="width: 11.6422%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.5%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.3775%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.8676%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.6225%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 19.2402%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Software</font></p>
</td>
<td style="width: 11.6422%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.5%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.3775%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.8676%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,032)</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.6225%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,032)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 19.2402%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.6422%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.5%; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.3775%; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.8676%; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,032)</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.6225%; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,032)</font></p>
</td>
</tr>
<tr style="height: 13.5pt; -aw-height-rule: exactly;">
<td style="width: 19.2402%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="width: 11.6422%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.5%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">246,163</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.3775%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,111</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.8676%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,032)</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.6225%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">254,242</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; widows: 0; orphans: 0; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 111px;" width="100%">

<tr style="height: 33px;">
<td style="width: 19.2402%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 11.397%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Weighted average useful life (years)</font></p>
</td>
<td style="width: 12.5%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2018</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 12.5%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Additions</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 12.8676%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Amortization</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 12.3775%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Transfer</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 12.6225%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 33px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 19.2402%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="width: 11.397%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.5%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.5%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.8676%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.3775%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.6225%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 19.2402%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Goodwill (a)</font></p>
</td>
<td style="width: 11.397%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 12.5%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">246,163</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.5%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.8676%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.3775%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.6225%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">246,163</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 19.2402%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.397%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.5%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">246,163</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.5%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.8676%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.3775%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.6225%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">246,163</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 19.2402%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="width: 11.397%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;"><br></td>
<td style="width: 12.5%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">246,163</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.5%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.8676%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.3775%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.6225%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">246,163</font></p>
</td>
</tr>

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

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

</table>
<hr class="horizontalLineRemoved" 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="margin: 0 auto;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<ul type="disc" style="margin: 0pt; padding-left: 10pt;">
<li style="text-align: justify; font-family: serif; font-size: 11pt; list-style-position: inside; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-list-padding-sml: 25.34pt; -aw-number-format: '&#61623;';"><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; </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Consolida</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ted<br><br></font></font></li>
</ul>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 42.5pt; -aw-height-rule: exactly;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Weighted average useful life (years)</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2019</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Additions</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Amortization</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><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="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Write-offs and disposals</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2020</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 11.35pt; -aw-height-rule: exactly;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Goodwill (a)</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,525,088</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,525,088</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Software (b)</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,210,529</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">184,027</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;">993</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,633)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,130</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;">1,395,046</font></p>
</td>
</tr>
<tr style="height: 11.35pt; -aw-height-rule: exactly;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Technology (c) </font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32,617</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32,617</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Commercial property rights</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,934</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: &quot;Times New Roman&quot;; font-size: 10pt;">(7,934)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 11.35pt; -aw-height-rule: exactly;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Distribution rights</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">133,599</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">133,599</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brands (d)</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">122,504</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,458</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">136,962</font></p>
</td>
</tr>
<tr style="height: 11.35pt; -aw-height-rule: exactly;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trademark rights (d)</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">114,792</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">114,792</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others (e)</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,900</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,040</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,758</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,698</font></p>
</td>
</tr>
<tr style="height: 11.35pt; -aw-height-rule: exactly;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Decarbonization credits (f)</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">125,345</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,058)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(124,287)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,191,963</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">310,412</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(65)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(138,854)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,346</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,388,802</font></p>
</td>
</tr>
<tr>
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated amortization:</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Software</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(648,861)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(175,144)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,375</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,394)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(825,024)</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Technology</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,616)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,616)</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Commercial property rights</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,384)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(85)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;">6,469</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Distribution rights</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(108,932)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,394)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(113,326)</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trademark rights</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,119)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,937)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(9,056)</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,713)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(121)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(11)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,845)</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(835,625)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(182,681)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,844</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,405)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,012,867)</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for losses and impairment:</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Goodwill (a)</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,280)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,280)</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Commercial property rights</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(465)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">465</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,745)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">465</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000 !important; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,280)</font></p>
</td>
</tr>
<tr style="height: 14.25pt; background-color: #cceeff;">
<td style="width: 132.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,762,593</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">310,412</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(182,681)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(65)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(128,545)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,941</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,782,655</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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 style="font-family: 'Times New Roman';"> and prepaid expenses</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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 class="horizontalLineRemoved" 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="margin: 0 auto;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><br></p>
<table cellspacing="0" cellpadding="0" style="margin-right: auto; margin-left: auto; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 47.25pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Weighted average useful life (years)</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2018</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Adoption IFRS 16 / CPC 06 (R2)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Additions</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Amortization</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Write-offs and disposals</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Effect of foreign currency exchange rate variation</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">Oxiteno</font><font style="font-family: 'Times New Roman'; font-weight: bold;"> Andina (*)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 22%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost:</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 7%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Goodwill (a)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,525,088</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,525,088</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Software (b)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,062,486</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">145,004</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,553</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(784)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,551</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(281)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,210,529</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Technology (c) </font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32,617</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">32,617</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Commercial property rights</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">64,032</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(56,114)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,820</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,401)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,403)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,934</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Distribution rights</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">142,989</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,505</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,895)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">133,599</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brands (d)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">120,571</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,933</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">122,504</font></p>
</td>
</tr>
<tr style="height: 13.5pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trademark rights (d)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">35</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">114,792</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">114,792</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others (e)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,281</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,668</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(355)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">306</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,900</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,105,856</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(56,114)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">151,997</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,098)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,187)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,790</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(281)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,191,963</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accumulated amortization:</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Software</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(537,438)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(110,088)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(611)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(998)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">261</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(648,861)</font></p>
</td>
</tr>
<tr style="height: 13.5pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Technology</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,613)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,616)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Commercial property rights</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(23,931)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,186</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(848)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(669)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,878</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,384)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Distribution rights</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(106,597)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,511)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,176</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(108,932)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Trademark rights</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,182)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,937)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,119)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,740)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(105)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">136</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(32,713)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(736,501)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,186</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(120,492)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,656</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,267</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,002)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">261</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(835,625)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 15.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for losses and impairment:</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Goodwill (a)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,280)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,280)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Commercial property rights</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(465)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(465)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,745)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,745)</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net amount</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,369,355</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(39,928)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(441,748)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(120,492)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(6,442)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(920)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,788</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(20)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,762,593</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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 amounts transferred to </font><font style="font-family: 'Times New Roman';">PP&amp;E</font><font style="font-family: 'Times New Roman';"> and right to use assets.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">(*) Refers to the asset write-offs of </font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';"> Andina</font><font style="font-family: 'Times New Roman';"> in 2019</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';">b.3</font><font style="font-family: 'Times New Roman';"> of financial statements filed on CVM on February </font><font style="font-family: 'Times New Roman';">19</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>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></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'>75</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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="margin: 0 auto;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
</div>
<div>
<div style="-aw-headerfooter-type: linked; clear: both;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-size: 10pt; font-family: 'Times New Roman';">The amortization expenses were recognized in the </font><font style="font-size: 10pt; font-family: 'Times New Roman';">financial </font><font style="font-size: 10pt; font-family: 'Times New Roman';">statements</font><font style="font-size: 10pt; font-family: 'Times New Roman';"> </font><font style="font-size: 10pt; font-family: 'Times New Roman';">as shown below:</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 200.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 200.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000 !important; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 200.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Inventories and cost of products and services sold</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,575</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,183</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 200.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Selling and marketing</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,825</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,872</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 200.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">General and administrative</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,032</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">165,281</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105,437</font></p>
</td>
</tr>
<tr style="height: 13.5pt; -aw-height-rule: exactly;">
<td style="width: 200.95pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,032</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">182,681</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">120,492</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">a. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Goodwill</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 278px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 263.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Segment</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 263.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Goodwill on the acquisition of:</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 263.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">661,553</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">661,553</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 263.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,280)</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(593,280)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 263.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Extrafarma</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68,273</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 0.75pt solid #000000 !important; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68,273</font></p>
</td>
</tr>
<tr style="height: 22px; background-color: #cceeff;">
<td style="width: 263.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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'; vertical-align: super;">(1)</font></font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">276,724</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 22px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">276,724</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 263.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">211,089</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">211,089</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 263.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Texaco</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">177,759</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">177,759</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 263.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Iconic (CBLSA)</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69,807</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">69,807</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 263.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,856</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,856</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 263.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Temmar</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,781</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,781</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 263.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">DNP</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,736</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,736</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 263.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Repsol</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,403</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,403</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 263.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">TEAS</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">797</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">797</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 263.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">583</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">583</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 263.3pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">931,808</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">931,808</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">&nbsp;</font><font style="font-family: 'Times New Roman'; vertical-align: super;">(1)</font><font style="font-family: 'Times New Roman';"> Including R$ 246,163 </font><font style="font-family: 'Times New Roman';">at</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Ultrapar</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On December 31, </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';">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>
</div>
</div>
</div>
<div>
<p style="margin-top: 2pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; font-size: 11pt;"><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'>76</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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="margin: 0 auto;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">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 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';">5</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';">1.0</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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; text-decoration: underline;">Revenue from sales and services, costs and expenses, and gross margin</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">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';">202</font><font style="font-family: 'Times New Roman';">1</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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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 </font><font style="font-family: 'Times New Roman';">did not </font><font style="font-family: 'Times New Roman';">result in the recognition of impairment</font><font style="font-family: 'Times New Roman';">. In the year ended December 31, 2019 recorded an impairment provision</font><font style="font-family: 'Times New Roman';">&nbsp;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';"> (see Note 2.u).</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">b. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Software</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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: 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';">3</font><font style="font-family: 'Times New Roman';">5</font><font style="font-family: 'Times New Roman';">,718</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';">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';">, 2020 and R$ 56,472 on December 31, 2019.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">c. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Technology</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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.&nbsp;</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">d. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Brands and </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">t</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">rademark rights</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">e. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Other intangible</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">s</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">.&nbsp;</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">f. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Decarbonisation</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"> credits</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The decarbonization credits (&#8220;CBIO&#8221;) acquired are recorded at acquisition cost and are retired in the year to </font><font style="font-family: 'Times New Roman';">fulfillment</font><font style="font-family: 'Times New Roman';"> the individual target set by the National Agency of Petroleum, Natural Gas and Biofuels (&#8220;ANP&#8221;).</font></font></p>
</div>
<div style="-aw-headerfooter-type: linked; clear: both;">
<div style="-aw-sdt-tag: '';">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><br></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</div>
</div>
<div style="-aw-headerfooter-type: linked; clear: both;">
<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 class="horizontalLineRemoved" 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="margin: 0 auto;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
</div>
</div>
</div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt; /* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<div style="width: 70%; margin-left: 15%; margin-right: 15%;">
<div style="width: 8.5in; margin: 0 auto;">
<h1 style="margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">16.</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">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';">f</font><font style="font-family: 'Times New Roman';">inancing,</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';">ebentures</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">h</font><font style="font-family: 'Times New Roman';">edge </font><font style="font-family: 'Times New Roman';">d</font><font style="font-family: 'Times New Roman';">erivative </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';">nstruments</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; font-size: 10pt;">a. Composition</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="text-align: justify; font-family: serif; font-size: 11pt; list-style-position: inside; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-list-padding-sml: 25.34pt; -aw-number-format: '&#61623;';"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Parent</font></font></li>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><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; height: 148px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Description</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Index/ <br>Currency</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Weighted <br>average <br>financial <br>charges <br>12/31/2020 &#8211; % <br>p.a.</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Maturity</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazilian Reais:</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures &#8211; 6th issuance (g.5)</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,734,113</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,752,081</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">DI</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105.3</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2023</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><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="width: 45pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,038,499</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ + DI</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3.1</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total </font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,772,612</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,752,081</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,048,495</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,713</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,724,117</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,723,368</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="text-align: justify; font-family: serif; font-size: 11pt; list-style-position: inside; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-list-padding-sml: 25.34pt; -aw-number-format: '&#61623;';"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Consolidated</font></font></li>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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; height: 215px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Description</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Index/ <br>Currency</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Weighted <br>average <br>financial <br>charges <br>12/31/2020 &#8211; % <br>p.a.</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Maturity</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign currency &#8211; denominated loans:</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes in the foreign market (b) (*)</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,267,687</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,213,662</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">US$</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5.3</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2026 to 2029</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign loan (c.1) (*)</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,047,644</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,057,407</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">US$ </font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3.9</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021 to 2023</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial institutions (e)</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">312,200</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">604,741</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">US$ + LIBOR (1)</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1.4</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign loan (c.1) (*)</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">261,284</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">608,685</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">US$ + LIBOR (1)</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1.0</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2022</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial institutions (e)</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">154,783</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">132,417</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">US$</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2.5</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020 to 2022</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Advances on foreign</font><font style="font-family: 'Times New Roman';">&nbsp;exchange contracts</font></font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105,579</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">US$</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3.7</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial institutions (e)</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">39,350</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,164</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">MX$ (2)</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8.4</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign loan (c.2)</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">243,837</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">US$+ LIBOR (1)</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">BNDES (d)</font></p>
</td>
<td style="width: 45pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">208</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">US$</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total foreign currency</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,188,527</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,902,121</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>

</table>
<p><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'>78</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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; height: 473px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Description</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Index/ <br>Currency</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Weighted <br>average <br>financial <br>charges <br>12/31/2020 &#8211; % <br>p.a.</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Maturity</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazilian Reais &#8211; denominated loans:</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><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="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,037,602</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,036,647</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">DI</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">95.8</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2022 to 2023</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures &#8211; 6&#170; issuance (g.5)</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,734,113</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,752,080</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">DI</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105.3</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2023</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><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="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,679,036</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,868,612</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">DI</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105.0</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021 to 2022</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><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="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,038,499</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ + DI</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3.1</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Debentures &#8211; CRA (g.2, g.4 and g.6) (*)</font><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp; </font></font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,000,824</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">941,614</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IPCA</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4.6</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2024 to 2025</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><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="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">407,420</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">611,276</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">DI</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">110.9</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021 to 2022</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Bank Credit Bill</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">50,692</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ + DI</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3.5</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><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="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">92,541</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">89,278</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6.5</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2024</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">FINEP</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">29,803</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">41,345</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">TJLP (3)</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1.6</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020 to 2023</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">BNDES (d)</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">62,578</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">TJLP (3)</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><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="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">10,039</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ (4)</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2021</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">FINEP</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">12,820</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020 to 2021</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">BNDES (d)</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">30,392</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">SELIC (5)</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">BNDES (d)</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,913</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020 to 2022</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">FINAME</font></p>
</td>
<td style="width: 45pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">22</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">TJLP (3)</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2020 to 2022</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total in Brazilian Reais</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">8,070,530</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">7,460,616</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total foreign currency and Brazilian Reais</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">17,259,057</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">14,362,737</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Currency and interest rate hedging instruments (**)</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">117,159</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">29,985</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp; &nbsp; &nbsp; &nbsp; Total </font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">17,376,216</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">14,392,722</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,255,944</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,117,441</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 155.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">14,120,272</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">13,275,281</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 76.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; height: 119px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 17px;">
<td style="height: 17px; width: 2.51881%; padding: 0px 0px 7px;"><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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(*)</font></td>
<td style="height: 17px; width: 97.4812%; padding: 0px 0px 7px;"><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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">These transactions were designated for hedge accounting (see Note<font>&nbsp;</font></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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">3</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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">3</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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.h</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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">).</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; padding: 0px 0px 7px; width: 2.51881%;"><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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(**)</font></td>
<td style="height: 17px; padding: 0px 0px 7px; width: 97.4812%;"><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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Accumulated</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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>losses (see Note 3</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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">3</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-thickness: initial; 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: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; 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: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">).</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; padding: 0px; width: 2.51881%;"><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: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(1)</font></td>
<td style="height: 17px; padding: 0px; width: 97.4812%;"><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: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">LIBOR = London Interbank Offered Rate.</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; padding: 0px; width: 2.51881%;"><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: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(2)</font></td>
<td style="height: 17px; padding: 0px; width: 97.4812%;"><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: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">MX$ = Mexican Peso; TIIE = the Mexican interbank balance interest rate.</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; padding: 0px; width: 2.51881%;"><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: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(3)</font></td>
<td style="height: 17px; padding: 0px; width: 97.4812%;"><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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">TJLP (Long-term Interest Rate) = set by the National Monetary Council, TJLP is the basic financing cost of Banco<font>&nbsp;</font>Nacional<font>&nbsp;</font>de<font>&nbsp;</font>Desenvolvimento<font>&nbsp;</font>Econ&#244;mico<font>&nbsp;</font>e Social (&#8220;BNDES&#8221;), the Brazilian Development Bank.<font>&nbsp;</font></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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">On<font>&nbsp;</font></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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">December</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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>3</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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">1</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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">, 2020, TJLP was fixed at<font>&nbsp;</font></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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">4.</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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">55</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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">% p.a.</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; padding: 0px; width: 2.51881%;"><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: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(4)</font></td>
<td style="height: 17px; padding: 0px; width: 97.4812%;"><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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; 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<font>&nbsp;</font>Nordeste<font>&nbsp;</font>do<font>&nbsp;</font>Brasil. On<font>&nbsp;</font></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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">December</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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>3</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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">1</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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">, 2020, the FNE interest<font>&nbsp;</font></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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">rate was 10% p.a. FNE grants a discount of 15% on the interest rate for timely payments.</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; padding: 0px; width: 2.51881%;"><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: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(5)</font></td>
<td style="height: 17px; padding: 0px; width: 97.4812%;"><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: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">SELIC = basic interest rate set by the Brazilian Central Bank.</font></td>
</tr>

</table>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>79</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; widows: 0; orphans: 0; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="height: 281px; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; text-align: center; height: 17px;"><font style="font-size: 8pt; font-weight: bold;">Parent</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; text-align: center; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; text-align: center; height: 17px;"><font style="color: #000000; font-family: 'times new roman'; font-size: 8pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Consolidated</font></td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 76%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2018</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; text-align: right; width: 10%;"><font style="font-size: 10pt; font-family: 'times new roman', times;">1,756,954</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; text-align: right; width: 2%;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; text-align: right; width: 10%;">15,116,139</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">New loans and debentures with cash effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">-</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; text-align: right;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2,105,737</font></td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest accrued</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">107,802</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; text-align: right;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">845,844</font></td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Principal payment</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; text-align: right;"><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: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; text-align: right;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(2,644,704)</font></td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest payment</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">(112,675)</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; text-align: right;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(1,469,780)</font></td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Monetary and exchange rate variation</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">-</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; text-align: right;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">296,441</font></td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Change in fair value</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">-</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; text-align: right;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; text-align: right; border-bottom: 1pt solid #000000;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">113,060</font></td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">1,752,081</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; text-align: right;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">14,362,737</font></td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">New loans and debentures with cash effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">994,996</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; text-align: right;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3,591,624</font></td>
</tr>
<tr style="height: 19px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest accrued</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">94,323</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; text-align: right;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">757,161</font></td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Principal payment</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">-</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; text-align: right;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(2,795,002)</font></td>
</tr>
<tr style="height: 19px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest payment</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">(67,788)</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; text-align: right;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(740,853)</font></td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Monetary and exchange rate variation</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 19px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 19px; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">-</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 19px; text-align: right;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 19px; text-align: right;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">2,048,688</font></td>
</tr>
<tr style="height: 19px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Change in fair value</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;"><br></td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">-</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; text-align: right;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px; text-align: right; border-bottom: 1pt solid #000000;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">34,702</font></td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff; height: 18px; text-align: right;"><font style="font-size: 10pt; font-family: 'times new roman', times;">2,772,612</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; text-align: right;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px; text-align: right; border-bottom: 2.8pt double #000000;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">17,259,057</font></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; widows: 0; orphans: 0; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 74%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 1 to 2 years</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,702,626</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,424,775</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 2 to 3 years</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,091,641</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,115,495</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 3 to 4 years</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">784,778</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,451,988</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">From 4 to 5 years</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">231,271</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">765,263</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">More than 5 years</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,309,956</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,517,760</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,120,272</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,275,281</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; widows: 0; orphans: 0; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">b.</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Notes in the </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">f</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">oreign </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">m</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">arket</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">3</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">897</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">525</font><font style="font-family: 'Times New Roman';"> 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';">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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">598</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';"> </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';">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';">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>
</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 class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">039</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">340</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';">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';">, </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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On July 13, 2020, 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</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">818</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">845</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';">, 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 10.06pt; text-align: justify; padding-left: 4.14pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><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-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 10.06pt; text-align: justify; padding-left: 4.14pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><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';">779</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">505</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';">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';">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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; color: #212121; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">c. Foreign </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">l</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">oans</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; color: #212121; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">1,221,225</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</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';">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';">1</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';">.</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';">herefore, 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 119px; width: 100%;" width="100%">

<tr style="height: 15px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: left;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Maturity</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">US$ (thousands)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">R$ (thousands)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 15px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Cost in % of DI</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; width: 57%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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: 7pt;">(1)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 13%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,877</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 13%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">87,703</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff; width: 13%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Jul/2021</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">60,000</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">311,802</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">101.8</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Jun/2022</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">50,000</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">259,835</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105.0</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Sep/2023</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">60,000</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">311,802</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105.0</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Sep/2023</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,000</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">337,786</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104.8</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total / average cost</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">251,877</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,308,928</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">104.1</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-size: 7pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">&nbsp;</font><font style="font-family: 'Times New Roman'; vertical-align: super;">(1)</font></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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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 2020. From the 2020, the subsidiary IPP</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">does not have </font><font style="font-family: 'Times New Roman';">contracts of foreign loans with covenants.</font></font></p>
</div>
<p style="margin-top: 2pt; /* margin-bottom: 10pt; */text-align: justify; line-height: 115%; font-size: 11pt;"><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'>81</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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 w</font><font style="font-family: 'Times New Roman';">as</font><font style="font-family: 'Times New Roman';"> 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">d. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">BNDES</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The subsidiaries ha</font><font style="font-family: 'Times New Roman';">d</font><font style="font-family: 'Times New Roman';"> financing from BNDES for some of their investments and for working capital.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The subsidiaries paid such loans <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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">off in advance</font> in the amount of R$ 39,843 on December 2020.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">e. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Financial </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">nstitutions</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; widows: 0; orphans: 0; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: left;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Maturity</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">US$ (thousands)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; break-inside: avoid; break-after: avoid; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">R$ (thousands)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 74%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><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: 7pt;">(1)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mar/2021</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">60,000</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">312,185</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">60,003</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; page-break-inside: avoid; page-break-after: avoid; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">312,200</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; widows: 0; orphans: 0; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-size: 7pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">&nbsp;</font><font style="font-family: 'Times New Roman'; vertical-align: super;">(1)</font></font><font style="font-family: 'Times New Roman';"> Includes interest.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">7</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 2020. As from the third quarter of 2020, t</font><font style="font-family: 'Times New Roman';">he </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';"> </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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">f. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Banco do </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Brasil</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">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';">20</font><font style="font-family: 'Times New Roman';">)</font><font style="font-family: 'Times New Roman';">:</font></font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 83%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: left;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Maturity</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 4%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 13%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">May/2021</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">204,328</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">May/2022</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">203,092</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">407,420</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>82</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">g. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Debentures</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt; margin: 0pt 0pt 10pt 14.2pt; text-indent: -14.2pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">g.</font><font style="font-family: 'Times New Roman'; font-weight: bold;">1</font><font style="font-family: 'Times New Roman'; font-weight: bold;">.</font><font style="font-family: 'Times New Roman';"> In May 2016, the subsidiary IPP made its fourth issuance of public debentures</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> in </font><font style="font-family: 'Times New Roman';">one</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">single series of 500 simple</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">nominative</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> registered debentures,</font><font style="font-family: 'Times New Roman';"> nonconvertible into shares and unsecured, </font><font style="font-family: 'Times New Roman';">which main characteristics</font><font style="font-family: Times;"> </font><font style="font-family: Times;">are </font><font style="font-family: Times;">as follows:</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 70%; margin-left: auto; margin-right: auto;" width="70%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">R$ 1,000,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">May 25, 2021</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Annual as from May 2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Interest:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">105.0% of DI</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Semiannually</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt; text-indent: -14.2pt; margin: 0pt 0pt 0pt 14.2pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">g.</font><font style="font-family: 'Times New Roman'; font-weight: bold;">2</font><font style="font-family: 'Times New Roman'; font-weight: bold;">.</font><font style="font-family: 'Times New Roman';"> </font><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt; margin: 0pt 0pt 0pt 14.2pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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: 70%; margin-left: auto; margin-right: auto;" width="70%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Amount:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">660,139</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Interest:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Semiannually</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 70%; margin-left: auto; margin-right: auto;" width="70%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Amount:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">352,361</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Interest:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Annually</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: Times; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt; margin: 0pt 0pt 0pt 14.2pt;"><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>
</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 class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt; text-indent: -14.2pt; margin: 0pt 0pt 0pt 14.2pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">g.</font><font style="font-family: 'Times New Roman'; font-weight: bold;">3</font><font style="font-family: 'Times New Roman'; font-weight: bold;">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">In July</font><font style="font-family: 'Times New Roman';"> 2017</font><font style="font-family: 'Times New Roman';">, the subsidiary IPP made its sixth issuance of public debentures, in one single series of 1,500,000 simple, nonconvertible into shares and unsecured debentures, which main characteristics are as follows:</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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: 70%; margin-left: auto; margin-right: auto;" width="70%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">July 28, 2022</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">105.0% of DI</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Annually</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt; margin: 0pt 0pt 0pt 14.2pt; text-indent: -14.2pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">g.</font><font style="font-family: 'Times New Roman'; font-weight: bold;">4</font><font style="font-family: 'Times New Roman'; font-weight: bold;">.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">In October 2017, the subsidiary IPP carried out its seventh issuance of debentures in the amount of R$ 944,077, in two series</font><font style="font-family: 'Times New Roman';">, being on</font><font style="font-family: 'Times New Roman';"> of 730,384 and </font><font style="font-family: 'Times New Roman';">another of </font><font style="font-family: 'Times New Roman';">213,693, simple, nonconvertible into shares, nominative, book-entry and unsecured debentures. The debentures have been subscribed by </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'; -aw-import: spaces;">&nbsp;</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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt; margin: 0pt 0pt 0pt 14.2pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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: 70%; margin-left: auto; margin-right: auto;" width="70%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amount:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">730,384</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Semiannually</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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: 70%; margin-left: auto; margin-right: auto;" width="70%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amount:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">213,693</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Annually</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt; margin: 0pt 0pt 0pt 14.2pt;"><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>
</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 class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt; margin: 0pt 0pt 0pt 14.2pt; text-indent: -14.2pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">g.</font><font style="font-family: 'Times New Roman'; font-weight: bold;">5</font><font style="font-family: 'Times New Roman'; font-weight: bold;">.</font><font style="font-family: 'Times New Roman';"> </font><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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: 70%; margin-left: auto; margin-right: auto;" width="70%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Semiannually</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt; text-indent: -14.2pt; margin: 0pt 0pt 0pt 14.2pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">g.6.</font><font style="font-family: 'Times New Roman';"> </font><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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: 70%; margin-left: auto; margin-right: auto;" width="70%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amount:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">660,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Semiannually</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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: 70%; margin-left: auto; margin-right: auto;" width="70%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amount:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">240,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IPCA + 4.61%</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Annually</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt; /* text-indent: -14.2pt; */margin: 0pt 0pt 0pt 14.2pt;"><font style="font-size: 10pt; /* text-indent: -14.2pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt; text-indent: -14.2pt; margin: 0pt 0pt 0pt 14.2pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold;">g.7.</font><font style="font-family: 'Times New Roman';"> In November 2019, the subsidiary </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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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: 70%; margin-left: auto; margin-right: auto; height: 105px;" width="70%">

<tr style="height: 19px; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">R$ 1,000.00</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="width: 141.75pt; vertical-align: top; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">November 19, 2024</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Lump sum at final maturity</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="width: 141.75pt; vertical-align: top; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6.47%</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; background-color: #cceeff; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Semiannually</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="width: 141.75pt; vertical-align: top; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="width: 141.75pt; vertical-align: top; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>85</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">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';">20</font><font style="font-family: 'Times New Roman';">).</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 232px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 84%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: left;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Maturity</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 4%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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: 7pt;">(1)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">205,533</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">May/2021</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">166,670</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Jul/2021</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">750,000</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Apr/2022</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">660,139</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Jul/2022</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">750,000</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oct/2022</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">730,384</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mar/2023</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,725,336</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dec/2023</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">660,000</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Apr/2024</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">352,361</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oct/2024</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">213,693</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Nov/2024</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">90,000</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dec/2025</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">240,000</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,544,116</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;">&nbsp;</font><font style="font-family: 'Times New Roman'; vertical-align: super;">(1)</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Includes interest, transaction cost and mark to market.</font></font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">h. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Notes</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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: 70%; margin-left: auto; margin-right: auto;" width="70%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 130.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="width: 130.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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="width: 130.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="width: 130.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">April 6, 2021</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 130.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="width: 130.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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="width: 130.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="width: 130.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">DI + 3.10%</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 130.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="width: 130.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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="width: 130.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="width: 130.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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: 70%; margin-left: auto; margin-right: auto;" width="70%">

<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 130.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Face value unit:</font></p>
</td>
<td style="width: 130.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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="width: 130.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final maturity:</font></p>
</td>
<td style="width: 130.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">April 3, 2021</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 130.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of the face value:</font></p>
</td>
<td style="width: 130.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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="width: 130.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest:</font></p>
</td>
<td style="width: 130.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">DI + 2.00%</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 130.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payment of interest:</font></p>
</td>
<td style="width: 130.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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="width: 130.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Reprice:</font></p>
</td>
<td style="width: 130.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Not applicable</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The subsidiary IPP paid off in advance the notes in November 2020.</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'>86</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Transaction </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">c</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">osts</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Transaction costs incurred in issuing debt were deducted from the value of the related financial instrument</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> and are recognized as </font><font style="font-family: 'Times New Roman';">an </font><font style="font-family: 'Times New Roman';">expense according to the effective interest rate method, as follows:</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 130px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Effective rate <br>of transaction <br>costs (% p.a.)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Incurred <br>cost</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Amortization</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 37%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures (g)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 15%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.2</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,406</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,058)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,348</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes in the foreign market (b)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.1</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,114</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,263</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,265)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">37,112</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes (h)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.5</font></p>
</td>
<td style="vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,802</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,484)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,318</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.1</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">770</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(438)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">332</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign loans (c) </font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">94</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(94)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,382</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,382)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">71,766</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">20,065</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(24,721)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">67,110</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 147px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Effective rate <br>of transaction <br>costs (% p.a.)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2018</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: center;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Incurred <br>cost</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Amortization</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 37%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures (g)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 15%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.2</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">56,376</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">692</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(15,662)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">41,406</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes in the foreign market (b)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.1</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,881</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,442</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,209)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,114</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.2</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,437</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,667)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">770</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign loans (c) </font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">331</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(237)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">94</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.2</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,432</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,050)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,382</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">76,457</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,134</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(23,825)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">71,766</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; page-break-after: avoid; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 5.5pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 130px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Up to 1 year</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">1 to 2 years</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">2 to 3 years</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">3 to 4 years</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">4 to 5 years</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">More than 5 <br>years</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Total</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 25%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Debentures (g)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,403</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">9,274</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,318</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,139</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">214</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,348</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes in the foreign market (b)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,890</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,893</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,896</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,913</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,903</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,617</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">37,112</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Notes (h)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,318</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,318</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">257</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">332</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,868</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,242</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,214</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,052</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,117</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,617</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">67,110</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; font-size: 10pt;">j. Guarantees</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">75,251</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</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';">20</font><font style="font-family: 'Times New Roman';"> (R$ </font><font style="font-family: 'Times New Roman';">73,536</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of December 31, 201</font><font style="font-family: 'Times New Roman';">9</font><font style="font-family: 'Times New Roman';">) </font><font style="font-family: 'Times New Roman';">and by guarantees and promissory notes in the amount </font><font style="font-family: 'Times New Roman';">of R$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">13,758,033</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">R$ </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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">129,139</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</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';">, </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>
</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'>87</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin: 0pt; text-align: justify;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 78px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 193.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">IPP</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Oxiteno</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 193.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 193.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Maximum amount of future payments related to these collaterals</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">330,944</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">81,344</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,753</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 193.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Maturities of up to</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">46 months</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">60 months</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4 months</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 193.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Fair value of collaterals</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,496</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,237</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">68</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">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';">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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt; /* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<div style="width: 8.5in; margin: 0 auto;">
<h1 style="margin-top: 0pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">17. </font><font style="font-family: 'Times New Roman';">Trade </font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">ayables</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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; height: 150px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Domestic suppliers</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,870</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,173</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,306,398</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,800,348</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,102</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">96,908</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,021,424</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">262,870</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">61,989</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">193,080</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign suppliers</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">307,486</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">237,618</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Foreign suppliers - related parties (see Note 8.a.2)</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">126,033</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,604</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">212,220</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">85,643</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,870</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,173</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,040,652</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,700,071</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 9pt;"><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';">) Suppliers</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';">: </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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>88</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">18. </font><font style="font-family: 'Times New Roman';">Salaries and </font><font style="font-family: 'Times New Roman';">r</font><font style="font-family: 'Times New Roman';">elated </font><font style="font-family: 'Times New Roman';">c</font><font style="font-family: 'Times New Roman';">harges</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provisions on salaries</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,886</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">195,286</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">184,716</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Profit sharing, bonus and premium</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,779</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">184,306</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">133,533</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Social charges</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,632</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">958</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">73,267</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">70,228</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,103</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,771</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,159</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,400</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">958</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">468,630</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">405,636</font></p>
</td>
</tr>

</table>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">19. </font><font style="font-family: 'Times New Roman';">Taxes </font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">ayable (Consolidated)</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 120px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 303pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 303pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">ICMS</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">180,522</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">149,547</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 303pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">PIS and COFINS</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,187</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,676</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 303pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">ISS</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">38,328</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,986</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 303pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Value-added tax (IVA) of foreign subsidiaries </font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,322</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,619</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 303pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">26,655</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,094</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 303pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">286,014</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">269,922</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">20. </font><font style="font-family: 'Times New Roman';">Employee </font><font style="font-family: 'Times New Roman';">b</font><font style="font-family: 'Times New Roman';">enefits and </font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">rivate </font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">ension </font><font style="font-family: 'Times New Roman';">p</font><font style="font-family: 'Times New Roman';">lan</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(Consolidated)</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">a. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ULTRAPREV</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">- </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">A</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ssocia&#231;&#259;o</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"> de </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">P</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">revid&#234;ncia </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">C</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">omplementar</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">11,020</font><font style="font-family: 'Times New Roman';"> used to deduct the sponsors&#8217; normal contributions. The balance of R$ </font><font style="font-family: 'Times New Roman';">36,068</font><font style="font-family: 'Times New Roman';"> on </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';">, 2020 will be</font><font style="font-family: 'Times New Roman';"> used </font><font style="font-family: 'Times New Roman';">to deduct normal sponsor contributions</font><font style="font-family: 'Times New Roman';"> in </font><font style="font-family: 'Times New Roman';">an average period between 10 and 70 months depending on the sponsor.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">In</font><font style="font-family: 'Times New Roman';"> 2020, the subsidiaries contributed</font><font style="font-family: 'Times New Roman';"> to </font><font style="font-family: 'Times New Roman';">Ultraprev</font><font style="font-family: 'Times New Roman';"> with</font><font style="font-family: 'Times New Roman';"> R$ </font><font style="font-family: 'Times New Roman';">20,505</font><font style="font-family: 'Times New Roman';">, including the use of the reversion fund of R$ 11,020</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">in 2019 the subsidiaries contributed to </font><font style="font-family: 'Times New Roman';">Ultraprev</font><font style="font-family: 'Times New Roman';"> with </font><font style="font-family: 'Times New Roman';">R$ </font><font style="font-family: 'Times New Roman';">21,357)</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 </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';">, 2020 was 7,</font><font style="font-family: 'Times New Roman';">290</font><font style="font-family: 'Times New Roman';"> active participants and 3</font><font style="font-family: 'Times New Roman';">61</font><font style="font-family: 'Times New Roman';"> retired participants. In addition, </font><font style="font-family: 'Times New Roman';">Ultraprev</font><font style="font-family: 'Times New Roman';"> had 2</font><font style="font-family: 'Times New Roman';">3</font><font style="font-family: 'Times New Roman';"> former employees receiving benefits under the rules of a previous plan whose reserves are fully constituted.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></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'>89</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">b. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Post-employment </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">b</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">enefits</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">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';">, </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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 151px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 11px; background-color: #cceeff;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Health and dental care plan<font style="font-size: 8pt;"><sup>(1)</sup></font></font></font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">200,318</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 11px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">154,142</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Indemnification of FGTS</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,527</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">53,952</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">66,309</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Seniority bonus<font style="font-size: 8pt;"><sup>(2)</sup></font></font></font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,336</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">34,485</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Life insurance<font style="font-size: 8pt;"><sup>(1)</sup></font></font></font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,118</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">17,931</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,527</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">284,724</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">272,867</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,077</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">28,951</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 192.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,527</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">257,647</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 45.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">243,916</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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';">Only </font><font style="font-family: 'Times New Roman';">IPP</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';"> </font><font style="font-family: 'Times New Roman';">Iconic</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin-top: 4pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><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';"> </font><font style="font-family: 'Times New Roman';">In September 2020, there was a change in the bonus policy </font><font style="font-family: 'Times New Roman';">to retirement </font><font style="font-family: 'Times New Roman';">with reduced benefit.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-size: 10pt;">The change in the present value of the post-employment benefit obligation is occurred&nbsp;follows:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 171px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;" colspan="3"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Consolidated</font></td>
</tr>
<tr style="height: 17px;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Opening balance</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">272,867</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">249,815</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current service cost</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,568)</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,704)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest cost</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,779</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,386</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Expense for the year</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,211</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,682</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Losses from changes in actuarial assumptions</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,822</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,489</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Benefits paid directly by Company and its subsidiaries</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(18,969)</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(33,510)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Exchange rates from </font><font style="font-family: 'Times New Roman';">post employment</font><font style="font-family: 'Times New Roman';"> benefits</font></font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">793</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,391</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ending balance</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">284,724</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">272,867</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The </font><font style="font-family: 'Times New Roman';">total of </font><font style="font-family: 'Times New Roman';">expense </font><font style="font-family: 'Times New Roman';">in each period </font><font style="font-family: 'Times New Roman';">is presented below:</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr>
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 1pt solid #000000; text-align: center;" colspan="3"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 10.6667px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Consolidated</font></td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Health and dental care plan</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,127</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,442</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Indemnification of FGTS</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,689</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,818)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Seniority bonus</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,722)</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,765</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Life insurance</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,117</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,293</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,211</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,682</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>90</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The main actuarial assumptions used are:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Economic factors</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">% p.a.</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">% p.a.</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Discount rate for the actuarial obligation at present value</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8.22</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">8.79</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Average projected salary growth rate</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7.07</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7.64</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Inflation rate (long term)</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3.25</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3.80</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 300.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Growth rate of medical services</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7.38</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7.95</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; text-decoration: underline; font-size: 10pt;">Demographic factors</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mortality Table for the life insurance benefit &#8211; CSO-80</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mortality Table for other benefits &#8211; AT 2000 Basic decreased by 10%</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Disabled Mortality Table &#8211; RRB 1983 and RRB-1944</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Disability Table &#8211; Weak light</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; text-decoration: underline; font-size: 10pt;">Sensitivity analysis</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The significant actuarial assumptions to determine the provision for post-employment benefits </font><font style="font-family: 'Times New Roman';">are:</font><font style="font-family: 'Times New Roman';"> discount rate, wage and medical costs increases. The following sensitivity analyses on December 31, 2020, as shown&nbsp;<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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">below</font>, were determined based on possible changes of assumptions occurring at the reporting date of the financial statements, keeping all other assumptions constant.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 40px; width: 100%;" width="100%">

<tr style="height: 13px;">
<td style="width: 28.6765%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Assumption</font></p>
</td>
<td style="width: 20.3431%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Change in assumptions</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 12.8677%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Decrease in liability</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 19.3627%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Change in assumptions</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0098%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Increase in liability</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 28.6765%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Discount rate </font></p>
</td>
<td style="width: 20.3431%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">increase by 1.0 p.p.</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.8677%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,559</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 19.3627%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">decrease by 1.0 p.p.</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0098%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,857</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 28.6765%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Medical services growth rate </font></p>
</td>
<td style="width: 20.3431%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">decrease by 1.0 p.p.</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.8677%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,391</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 19.3627%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">increase by 1.0 p.p.</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0098%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,271</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The sensitivity analyses presented may not represent the real change in the post-employment benefits obligation, since it is unlikely that changes occur in just one assumption alone, considering that some of these assumptions may be correlated.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; text-decoration: underline; font-size: 10pt;">Inherent risks related to post-employment benefits</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest rate risk: a long-term interest rate is used to calculate the present value of post-employment liabilities. A reduction in this interest rate will increase the corresponding liability.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Wage growth risk: the present value of the liability is calculated using as reference the wages of the plan participants, projected with the average nominal wage growth rate. An increase in the real wages of plan participants will increase the corresponding liability.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Medical costs growth risk: the present value of the liability is calculated using as reference the medical cost by age based on actual healthcare costs, projected based on the growth rate of medical services costs. An increase in the real medical costs will increase the corresponding liability.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>91</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">21. </font><font style="font-family: 'Times New Roman';">Provision for </font><font style="font-family: 'Times New Roman';">a</font><font style="font-family: 'Times New Roman';">sset </font><font style="font-family: 'Times New Roman';">r</font><font style="font-family: 'Times New Roman';">etirement </font><font style="font-family: 'Times New Roman';">o</font><font style="font-family: 'Times New Roman';">bligation &#8211; </font><font style="font-family: 'Times New Roman';">f</font><font style="font-family: 'Times New Roman';">uel </font><font style="font-family: 'Times New Roman';">t</font><font style="font-family: 'Times New Roman';">anks (Consolidated)</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">T</font><font style="font-family: 'Times New Roman';">h</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';">located at by </font><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-family: 'Times New Roman';">-branded 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';">).</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 182px; width: 100%;" width="100%">

<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 348.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2018</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">54,667</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 348.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions (new tanks)</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">290</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 348.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Expense with tanks removed</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5,456)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 348.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accretion expense</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,741</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 348.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="width: 64.85pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">51,242</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 348.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additions (new tanks)</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">163</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 348.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Expense with tanks removed</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,306)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 348.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Accretion expense</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,336</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 348.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">53,435</font></p>
</td>
</tr>
<tr>
<td style="width: 348.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 348.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,267</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 348.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">49,168</font></p>
</td>
</tr>

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

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

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">22. Provisions and contingencies (Consolidated)</font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">a. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Provisions for tax, civil, and labor risks</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 25.5pt; -aw-height-rule: exactly;">
<td style="width: 22.0588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Provisions</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2019</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 11.152%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Additions</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 11.2745%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Reversals</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 11.2745%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Payments</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Interest</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 11.5196%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Balance on 12/31/2020</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 22.0588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IRPJ and CSLL (a.1.1)</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">541,281</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.152%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.2745%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(537)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.2745%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">7,118</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.5196%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">547,862</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 22.0588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">PIS and COFINS</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,155</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.152%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.2745%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(10,264)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.2745%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">109</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.5196%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 22.0588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">ICMS </font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">96,472</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.152%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,580</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.2745%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.2745%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,085)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">601</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.5196%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">108,568</font></p>
</td>
</tr>
<tr style="height: 25.5pt; -aw-height-rule: exactly;">
<td style="width: 22.0588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Civil, environmental and regulatory claims (a.2.1)</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">85,855</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.152%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.2745%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,070)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.2745%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(24,199)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">186</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.5196%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">57,772</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 22.0588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Labor litigation (a.3.1)</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">98,010</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.152%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">6,382</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.2745%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.2745%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,083)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,366</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.5196%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">90,675</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 22.0588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="width: 11.3971%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">92,822</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.152%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.2745%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(254)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.2745%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.3971%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">600</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.5196%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">93,168</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="width: 22.0588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">924,595</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.152%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">21,962</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.2745%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(15,125)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.2745%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(45,367)</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,980</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.5196%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">898,045</font></p>
</td>
</tr>
<tr style="height: 13.5pt; -aw-height-rule: exactly;">
<td style="width: 22.0588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.152%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.2745%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.2745%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.5196%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 22.0588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Current</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,455</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.152%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.2745%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.2745%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.5196%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,660</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 22.0588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Non-current</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">884,140</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.152%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.2745%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.2745%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.96078%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.5196%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">854,385</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Tax matters</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">789,624</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">753,810</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Labor litigation</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">57,603</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">71,605</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Civil and other</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">102,569</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">96,028</font></p>
</td>
</tr>
<tr style="height: 13.5pt; -aw-height-rule: exactly;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total &#8211; non-current assets</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">949,796</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">921,443</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>93</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; font-size: 10pt;">a.1 Provisions for tax matters and social security</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">523</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">136</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</font><font style="font-family: 'Times New Roman';">&nbsp;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';">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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">a.2 Provisions for </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">c</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ivil, </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">e</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">nvironmental and </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">r</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">egulatory </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">c</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">laims</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">,</font><font style="font-family: 'Times New Roman';">772</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';">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';">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';"> r</font><font style="font-family: 'Times New Roman';">eason 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; font-size: 10pt;">a.3 Provisions for labor matters</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">0</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">675</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';">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';">, </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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">b.</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Contingent </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">l</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">iabilities (</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">p</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ossible)</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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 th</font><font style="font-family: 'Times New Roman';">ese</font><font style="font-family: 'Times New Roman';"> assessment</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">, 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$ 3,236,982</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">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';">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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">b.1 Contingent </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">l</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">iabilities for </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">t</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ax </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">m</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">atters and </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">s</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ocial </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">s</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ecurity </font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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$</font><font style="font-family: 'Times New Roman';"> 2,419,000</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> (R$ </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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">17</font><font style="font-family: 'Times New Roman';">6,390</font><font style="font-family: 'Times New Roman';"> a</font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> (R$ </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-top: 2pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; 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'>94</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">58</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">134</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</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';">1</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$ </font><font style="font-family: 'Times New Roman';">30</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';">707</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</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';">, </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';">9</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';">687</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';">9</font><font style="font-family: 'Times New Roman';">8</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">157</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</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';">, </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';">,</font><font style="font-family: 'Times New Roman';">894</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';">2</font><font style="font-family: 'Times New Roman';">69</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">581</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</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';">, </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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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$ </font><font style="font-family: 'Times New Roman';">7</font><font style="font-family: 'Times New Roman';">09</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">338</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</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';">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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">21</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';">350</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';">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';">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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">b.2 Contingent </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">l</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">iabilities for </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">c</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ivil, </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">e</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">nvironmental and </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">r</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">egulatory </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">c</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">laims </font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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$</font><font style="font-family: 'Times New Roman';"> 561,713</font><font style="font-family: 'Times New Roman';">, totaling </font><font style="font-family: 'Times New Roman';">2,840&nbsp;</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">lawsuits</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> (R$</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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">8</font><font style="font-family: 'Times New Roman';">95</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</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';">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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>95</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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 </font><font style="font-family: 'Times New Roman';">April,</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';">IPP received </font><font style="font-family: 'Times New Roman';">an administrative fine</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">in the amount of R$ 40,693</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 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 Gerais.</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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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</font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 8pt;">nd</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 financial</font><font style="font-family: 'Times New Roman';">&nbsp;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';">December</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';">1</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';">4,4</font><font style="font-family: 'Times New Roman';">28</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';">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';"> 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">b.3 Contingent </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">l</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">iabilities for </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">l</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">abor </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">m</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">atters </font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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$</font><font style="font-family: 'Times New Roman';"> 256,269</font><font style="font-family: 'Times New Roman';">, totaling 1,306</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">lawsuits</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">as of </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(R$ </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>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></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'>96</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;"></font><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">S.A.</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and EMCA, 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</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';">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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">c.</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Lubricants operation between IPP and Chevron</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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 </font><font style="font-family: 'Times New Roman';">that occurred </font><font style="font-family: 'Times New Roman';">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$ </font><font style="font-family: 'Times New Roman';">101</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">663</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';"> financial </font><font style="font-family: 'Times New Roman';">statements</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$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">102,777</font><font style="font-family: 'Times New Roman';"> as</font><font style="font-family: 'Times New Roman';"> of </font><font style="font-family: 'Times New Roman';">December</font><font style="font-family: 'Times New Roman';"> 3</font><font style="font-family: 'Times New Roman';">1</font><font style="font-family: 'Times New Roman';">, 20</font><font style="font-family: 'Times New Roman';">20</font><font style="font-family: 'Times New Roman';"> (R$</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';">.&nbsp;</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; font-size: 10pt;">d. Exclusion of ICMS from the calculation basis of PIS and COFINS </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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 </font><font style="font-family: 'Times New Roman';">of the Company </font><font style="font-family: 'Times New Roman';">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. 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 management confirmed the respective subsidies to prove the amounts to be refunded&nbsp;</font><font style="font-family: 'Times New Roman';">and recorded in results</font><font style="font-family: 'Times New Roman';"> (see Note 7.a.3)</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$ </font><font style="font-family: 'Times New Roman';">215</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">365</font><font style="font-family: 'Times New Roman';"> until </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';">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 there are both the final and unappealable decision of the individual action and confirmation of the evidences.&nbsp; &nbsp;</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>97</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin: 8pt 0pt 0pt; text-align: justify; font-size: 11pt; text-indent: 0pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The Company's management emphasizes that it is possible for the STF to modulate the effects of its</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">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 claims of its subsidiaries, which may result in a reduction in the claimed tax credits.&nbsp;&nbsp;</font></font></p>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt; /* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">23. </font><font style="font-family: 'Times New Roman';">Deferred </font><font style="font-family: 'Times New Roman';">r</font><font style="font-family: 'Times New Roman';">evenue (Consolidated)</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8216;am/pm&#8217; and Jet Oil franchising upfront fee (a)</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">814</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">956</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,424</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25,096</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,044</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,574</font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total current</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">18,282</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">27,626</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">a. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Franchising </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">u</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">pfront </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">f</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ee</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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 December 31, 2020, had</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">58 stores </font><font style="font-family: 'Times New Roman';">with initial</font><font style="font-family: 'Times New Roman';"> deferred</font><font style="font-family: 'Times New Roman';"> 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';"> (</font><font style="font-family: 'Times New Roman';">63</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 December 31, 2020 had 45 stores </font><font style="font-family: 'Times New Roman';">with initial</font><font style="font-family: 'Times New Roman';"> deferred</font><font style="font-family: 'Times New Roman';"> 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';">(</font><font style="font-family: 'Times New Roman';">46</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 </font><font style="font-family: 'Times New Roman';">N</font><font style="font-family: 'Times New Roman';">ote 2.a.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">b. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Loyalty </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">p</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">rogram</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">s</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';"> </font><font style="font-family: 'Times New Roman';">participates in</font><font style="font-family: 'Times New Roman';"> 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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 </font><font style="font-family: 'Times New Roman';">2.a.</font></font></p>
</div>
<div style="-aw-headerfooter-type: footer-primary; clear: both;">
<div style="-aw-sdt-tag: '';">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><br></p>
<br></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 class="horizontalLineRemoved" 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>
<p><br></p>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<div style="margin: 0 auto;">
<div style="-aw-headerfooter-type: linked; clear: both;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';"> Subsidiaries</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';"> and Consolidated Financial </font><font style="font-family: 'Times New Roman';">Statements</font><font style="font-family: 'Times New Roman';"> </font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
</div>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">24.</font><font style="font-family: 'Times New Roman';">&nbsp;</font><font style="font-family: 'Times New Roman';">Subscription </font><font style="font-family: 'Times New Roman';">w</font><font style="font-family: 'Times New Roman';">arrants &#8211; </font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">ndemnification</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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, 5</font><font style="font-family: 'Times New Roman';">74,648</font><font style="font-family: 'Times New Roman';"> shares linked to the subscription warrants </font><font style="font-family: 'Times New Roman';">&#8211;</font><font style="font-family: 'Times New Roman';"> indemnification were canceled and </font><font style="font-family: 'Times New Roman';">not</font><font style="font-family: 'Times New Roman';"> issue</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';">Also, </font><font style="font-family: 'Times New Roman';">3,</font><font style="font-family: 'Times New Roman';">641,075</font><font style="font-family: 'Times New Roman';"> shares </font><font style="font-family: 'Times New Roman';">were</font><font style="font-family: 'Times New Roman';"> retained, linked to subscription warrants </font><font style="font-family: 'Times New Roman';">&#8211;</font><font style="font-family: 'Times New Roman';"> indemnification, which </font><font style="font-family: 'Times New Roman';">will</font><font style="font-family: 'Times New Roman';"> be issued </font><font style="font-family: 'Times New Roman';">or canceled according </font><font style="font-family: 'Times New Roman';">as the final decision </font><font style="font-family: 'Times New Roman';">of the processes are favorable or unfavorable, respectively</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">On December 31, 2020</font><font style="font-family: 'Times New Roman';">, the maximum number of shares, which </font><font style="font-family: 'Times New Roman';">may</font><font style="font-family: 'Times New Roman';"> be issued in the future, linked to the subscription warrants </font><font style="font-family: 'Times New Roman';">&#8211;</font><font style="font-family: 'Times New Roman';"> indemnification, </font><font style="font-family: 'Times New Roman';">is</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';">3</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">641</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">075</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';">86</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">439</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On February 24, 2021, the CA confirmed the issuance of 70,939 common shares due to the partial exercise of the rights conferred by the subscription warrants. For more information on the partial issue, see note 35.b.<br></font></font></p>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">25. </font><font style="font-family: 'Times New Roman';">Equity</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">a. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Share </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">c</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">apital</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On </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';">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';"> (</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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">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';">, 2020, on B3 was R$ </font><font style="font-family: 'Times New Roman';">23.74</font><font style="font-family: 'Times New Roman';"> (R$ 25.48 as of December 31, 2019).</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="width: 35.4pt; display: inline-block; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">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';">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; i</font><font style="font-family: 'Times New Roman';">n</font><font style="font-family: 'Times New Roman';">demnification</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';">.&nbsp;</font></font><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">On February 24, 2021, the CA confirmed the issuance of 70,939 common shares due to the partial exercise of the rights conferred by the subscription warrants. For more information on the partial issue, see note 35.b.<br></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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';">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';">20</font><font style="font-family: 'Times New Roman';">, there were </font><font style="font-family: 'Times New Roman';">47,413,094</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>
</div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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'>99</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A.<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">and</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>Subsidiaries</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">b.</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Equity instrument granted</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">c.</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Treasury </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">s</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">hares</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">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';">,</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';">24</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">739</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">626</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';">19.77</font><font style="font-family: 'Times New Roman';"> (</font><font style="font-family: 'Times New Roman';">26</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">780</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';">298 </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';">,</font><font style="font-family: 'Times New Roman';"> 2019</font><font style="font-family: 'Times New Roman';">).</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">d.</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Capital </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">r</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">eserve </font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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 </font><font style="font-family: 'Times New Roman';">Ultrapar</font><font style="font-family: 'Times New Roman';"> 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</font><font style="font-family: 'Times New Roman';"> and August 12</font><font style="font-family: 'Times New Roman';">, 2020, there was an increase in the reserve </font><font style="font-family: 'Times New Roman';">in the</font><font style="font-family: 'Times New Roman';"> amount of R$ 53,072</font><font style="font-family: 'Times New Roman';"> and R$ 1,691, respectively</font><font style="font-family: 'Times New Roman';">, due to the partial exercise of the subscription warrants &#8211; indemnification (see note 24).</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">e.</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Revaluation </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">r</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">eserve</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The revaluation reserve</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">recognized</font><font style="font-family: 'Times New Roman';"> prior to the adoption of </font><font style="font-family: 'Times New Roman';">the international accounting standards (CPC / IFRS) instituted by Law 11,638/07</font><font style="font-family: 'Times New Roman';">,</font><font style="font-family: 'Times New Roman';"> reflects the revaluation of assets of subsidiaries and is based on depreciation, write-off, or disposal of the revalued assets of the subsidiaries, as well as the tax effects recognized by these subsidiaries.</font></font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></font></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" 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 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt;"><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 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A.<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">and</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>Subsidiaries</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">f.</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Profit </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">r</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">eserves</font></font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">f.1 </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Legal </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">r</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">eserve</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">f.</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">2</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"> </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Investments </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">r</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">eserve</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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. b) 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 50% 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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$ 3,658,265</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';">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';">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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">g.</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Valuation </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">a</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">djustments and </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">c</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">umulative </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">t</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ranslation </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">a</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">djustments</font></font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">g.1 </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Valuation </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">a</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">djustments</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"><br></font></font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 3.5%; padding: 0px 0px 10px; vertical-align: top;" 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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(i)</font></td>
<td style="width: 96.5%; padding: 0px 0px 10px; vertical-align: top;" 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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Actuarial g</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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ains<font>&nbsp;</font>and losses relating to post-employment benefits, calculated based on a valuation conducted by an independent actuary, are recognized in equity<font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">under<font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">the title<font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8220;</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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">valuation adjustments</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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8221;</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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.<font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Actuarial g</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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">ains<font>&nbsp;</font>and losses recorded in equity are<font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">not<font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">reclassified to profit or loss in<font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">subsequent periods</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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font></td>
</tr>
<tr>
<td style="padding: 0px 0px 10px; vertical-align: top;" 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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(ii)</font></td>
<td style="padding: 0px 0px 10px; vertical-align: top;" 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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">Gains and losses on the hedging instruments<font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">of exchange rate related to</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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">firm commitment<font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">and highly probable transactions<font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">designated as cash flows<font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">hedges<font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">are<font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">recognized</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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">in equity<font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">as</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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8220;</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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">v</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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">aluation<font>&nbsp;</font>adjustments</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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">&#8221;</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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">. Gains and losses are reclassified to<font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">initial cost of non-financial assets</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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font></td>
</tr>
<tr>
<td style="padding: 0px 0px 10px; vertical-align: top;" 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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iii)</font></td>
<td style="padding: 0px 0px 10px; vertical-align: top;" 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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; 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>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">amount of financial investments</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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>plus<font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">the interest</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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>earned and<font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">the foreign currency exchange variation</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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>are</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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">recognized in equity<font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">as<font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">valuation adjustments. Gains and losses are reclassified to<font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">statements of profit or loss</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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">when</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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>the financial investment is<font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">settled</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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">.</font></td>
</tr>
<tr>
<td style="padding: 0px; vertical-align: top;" 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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(iv)</font></td>
<td style="padding: 0px; vertical-align: top;" 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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">The Company<font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">also<font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">recognizes in this<font>&nbsp;</font></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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';">item</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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Times New Roman';"><font>&nbsp;</font>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="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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; 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: -28.4px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; 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></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>101</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt;"><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 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A.<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">and</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>Subsidiaries</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Balance and changes in valuation adjustments of the </font><font style="font-family: 'Times New Roman';">Company</font><font style="font-family: 'Times New Roman';"> are as follows:</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 185px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="width: 130.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Fair value of cash flow hedging instruments</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Fair value of financial instruments</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Actuarial gains (losses) of post-employment benefits</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Non-controlling shareholders interest change</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Total</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 130.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2018</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(243,336)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(273)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,749)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">197,369</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(63,989)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 130.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Changes in fair value of financial instruments</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(76,479)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">478</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(76,001)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 130.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IRPJ and CSLL on fair value</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,683</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">23,683</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="width: 130.05pt; padding-right: 3pt; padding-left: 3pt; height: 20px; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Actuarial loss of post-employment benefits</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(41,794)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(41,794)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 130.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income and social contribution taxes on actuarial losses</font></p>
</td>
<td style="width: 47.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,784</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&#8208;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,784</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 130.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(296,132)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">205</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(47,759)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">197,369</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(146,317)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 130.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Changes in fair value of financial instruments</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(477,570)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">64</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(477,507)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 130.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IRPJ and CSLL on fair value</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">164,425</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">164,425</font></p>
</td>
</tr>
<tr style="height: 29px; background-color: #cceeff;">
<td style="width: 130.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Actuarial loss of post-employment benefits</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,725)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,724)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 130.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income and social contribution taxes on actuarial losses</font></p>
</td>
<td style="width: 47.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,133</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,133</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 130.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(609,277)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 47.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">269</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(53,351)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">197,369</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 36.5pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(464,990)</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">g.2 </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Cumulative </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">T</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ranslation </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">A</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">djustments</font><font style="width: 28.41pt; display: inline-block;">&nbsp;</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; width: 72%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Initial balance</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 13%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">102,427</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 13%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">65,857</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Currency translation adjustment of foreign subsidiaries</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">202,277</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">46,330</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(110,770)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(14,788)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">IRPJ and CSLL on exchange variation</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">37,662</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,028</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Final balance</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">231,596</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">102,427</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>102</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt;"><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 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A.<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">and</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>Subsidiaries</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"><br></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">h.</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">&nbsp;</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Dividends</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;"> and </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">a</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">llocation of </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">n</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">et </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">ncome</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;">The shareholders of the Company is entitled under the Bylaws to a minimum annual dividend of 50% of adjusted net income after allocation of 5% to the legal reserve, 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 approve them. The proposed dividends payable that refers of the exercise of 2019, the amount of which on as of December 31, 2019 totaled R$ 261,470 (R$ 0.24 &#8211; twenty-four cents of Brazilian Real per share), were approved by the Board of Directors on February 19, 2020, and were paid as of March 06, 2020. The proposed dividends payable that refers of the exercise of 2020, the amount of which on as of December 31, 2020 totaled R$ 479,748 (R$ 0.44 &#8211; forty-four cents of Brazilian Real per share), were approved by the Board of Directors on February 24, 2021, and will be paid from March 12, 2021 onwards.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">The management proposal for the allocation of net income for 2020 and for distribution of dividends is as follow:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 256px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 85%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; text-decoration: underline; font-size: 10pt;">Allocation of net income </font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 15%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Net income for the period attributable to shareholders of </font><font style="font-family: 'Times New Roman';">Ultrapar</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">893,383</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Legal reserve (5% of the net income)</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; text-align: right; background-color: #cceeff;">44,669</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Adjusted net income (basis for dividends)</font></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; text-align: right;">848,714</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Minimum mandatory dividends for the period (50% of the adjusted net income)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">424,357</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additional dividends to minimum mandatory dividends</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">55,391</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Legal reserve (5% of the net income)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,669</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Investments statutory reserve</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">368,966</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total allocation of net income</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000 !important; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">893,383</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; text-decoration: underline; font-size: 10pt;">Allocation of dividends</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Minimum mandatory dividends for the period (50% of the adjusted net income)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">424,357</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Additional dividends to minimum mandatory dividends</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">55,391</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total allocation (R$ 0.44 per share)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000 !important; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">479,748</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balances and changes in dividends payable are as follows:</font></p>
<p style="margin-top: 2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 79px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 68%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 15%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">14,689</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 15%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">16,694</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provisions</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">685,827</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">710,206</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Payments</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(261,422)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(284,767)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Balance as of December 31, 2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">439,094</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">442,133</font></p>
</td>
</tr>

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

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

</table>
<hr class="horizontalLineRemoved" 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 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt;"><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 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A.<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">and</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>Subsidiaries</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">26. </font><font style="font-family: 'Times New Roman';">Net </font><font style="font-family: 'Times New Roman';">r</font><font style="font-family: 'Times New Roman';">evenue from </font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">ale and </font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">ervices (Consolidated)</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; width: 68%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Gross revenue from sale</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; width: 15%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">86,754,003</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; width: 2%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; width: 15%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">94,296,759</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Gross revenue from services</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">929,304</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">869,084</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Sales taxes</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,291,081)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,031,295)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Discounts and sales returns</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,871,825)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,494,814)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(289,436)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(355,250)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Deferred revenue (see Note 23)</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">10,137</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,491</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net revenue from sales and services</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">81,241,102</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">89,297,975</font></p>
</td>
</tr>

</table>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">27. </font><font style="font-family: 'Times New Roman';">Expenses by </font><font style="font-family: 'Times New Roman';">n</font><font style="font-family: 'Times New Roman';">ature</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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; height: 284px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 45.7108%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 25.8578%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 26.1029%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 45.7108%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 11.7647%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0098%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="width: 45.7108%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Raw materials and materials for use and consumption</font></p>
</td>
<td style="width: 11.7647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">73,933,944</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0098%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">81,819,820</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 45.7108%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Personnel expenses</font></p>
</td>
<td style="width: 11.7647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">153,338</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,566</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,275,115</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0098%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,415,581</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 45.7108%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Freight and storage</font></p>
</td>
<td style="width: 11.7647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,424,753</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0098%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,170,870</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 45.7108%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Depreciation and amortization</font></p>
</td>
<td style="width: 11.7647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,775</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">938,841</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0098%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">844,647</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 45.7108%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization of right to use assets</font></p>
</td>
<td style="width: 11.7647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,690</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">328,322</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0098%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">300,058</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 45.7108%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Advertising and marketing</font></p>
</td>
<td style="width: 11.7647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">312</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">153,057</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0098%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">206,103</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 45.7108%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Services provided by third parties</font></p>
</td>
<td style="width: 11.7647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,030</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">13,040</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">357,195</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0098%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">322,589</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 45.7108%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other expenses</font></p>
</td>
<td style="width: 11.7647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">19,885</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,979</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">301,417</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0098%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">444,078</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 45.7108%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Allocation of SSC/Holding expenses</font></p>
</td>
<td style="width: 11.7647%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(221,030)</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(28,598)</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0098%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 45.7108%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="width: 11.7647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">79,712,644</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0098%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">87,523,746</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 45.7108%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Classified as:</font></p>
</td>
<td style="width: 11.7647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0098%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 45.7108%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Cost of products and services sold</font></p>
</td>
<td style="width: 11.7647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">75,628,214</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0098%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">83,187,109</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 45.7108%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Selling and marketing</font></p>
</td>
<td style="width: 11.7647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,547,850</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0098%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,610,384</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 45.7108%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">General and administrative</font></p>
</td>
<td style="width: 11.7647%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,536,580</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0098%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,726,253</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 45.7108%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="width: 11.7647%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.8873%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">79,712,644</font></p>
</td>
<td style="width: 2.20588%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.0098%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">87,523,746</font></p>
</td>
</tr>

</table>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">28</font><font style="font-family: 'Times New Roman';">. </font><font style="font-family: 'Times New Roman';">Gain (loss) on </font><font style="font-family: 'Times New Roman';">d</font><font style="font-family: 'Times New Roman';">isposal of </font><font style="font-family: 'Times New Roman';">PP&amp;E</font><font style="font-family: 'Times New Roman';"> and </font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">ntangibles</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">and impairment </font><font style="font-family: 'Times New Roman';">(Consolidated)</font><font style="font-family: 'Times New Roman';"> </font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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. </font><font style="font-family: 'Times New Roman';">In</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';">th</font><font style="font-family: 'Times New Roman';">e </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$</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">76,150</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">(</font><font style="font-family: 'Times New Roman';">loss</font><font style="font-family: 'Times New Roman';"> of R$ </font><font style="font-family: 'Times New Roman';">30,019</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';"> 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 style="font-family: 'Times New Roman';"> In 2019 the impairment tests identified the need to recognize a loss in the amount of R$ 593,280 for </font><font style="font-family: 'Times New Roman';">Extrafarma's</font><font style="font-family: 'Times New Roman';"> goodwill.&nbsp;</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" 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; /* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A.<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">and</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>Subsidiaries</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">29. </font><font style="font-family: 'Times New Roman';">Other </font><font style="font-family: 'Times New Roman';">o</font><font style="font-family: 'Times New Roman';">perating </font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">ncome, </font><font style="font-family: 'Times New Roman';">n</font><font style="font-family: 'Times New Roman';">et (Consolidated)</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 195px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">24,367</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">40,816</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">29,672</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">44,396</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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: 7pt;">(3)</font></font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">145</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">12,943</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultracargo</font><font style="font-family: 'Times New Roman';"> &#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="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(3,733)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">292,977</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">144,949</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Conduct adjustment commitment &#8211; </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'; vertical-align: super; font-size: 7pt;">(6)</font></font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(65,539)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(124,287)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Others</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,480)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">5,793</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="width: 271.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other operating income, net</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">221,394</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">179,625</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 7.1pt; margin-bottom: 0pt; text-indent: -7.1pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 7pt;">(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-top: 0pt; margin-left: 7.1pt; margin-bottom: 0pt; text-indent: -7.1pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 7.1pt; margin-bottom: 0pt; text-indent: -7.1pt; text-align: justify; font-size: 9pt;"><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';">Refers to contracts with suppliers of convenience stores</font><font style="font-family: 'Times New Roman';">, </font><font style="font-family: 'Times New Roman';">which establish, among other agreements, promotional campaigns.</font></font></p>
<p style="margin-top: 0pt; margin-left: 7.1pt; margin-bottom: 0pt; text-indent: -7.1pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 7.1pt; margin-bottom: 0pt; text-indent: -7.1pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 7pt;">(3) </font><font style="font-family: 'Times New Roman';">Refers to sales of &#8220;Km de </font><font style="font-family: 'Times New Roman';">Vantagens</font><font style="font-family: 'Times New Roman';">&#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-top: 0pt; margin-left: 7.1pt; margin-bottom: 0pt; text-indent: -7.1pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 7.1pt; margin-bottom: 0pt; text-indent: -7.1pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 7pt;">(4) </font><font style="font-family: 'Times New Roman';">For more information</font><font style="font-family: 'Times New Roman';"> about the fire accident in </font><font style="font-family: 'Times New Roman';">Ultracargo</font><font style="font-family: 'Times New Roman';">, see Note 22.b.2.4.</font></font></p>
<p style="margin-top: 0pt; margin-left: 7.1pt; margin-bottom: 0pt; text-indent: -7.1pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 7.1pt; margin-bottom: 0pt; text-indent: -7.1pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 7pt;">(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';">Oleoqu</font><font style="font-family: 'Times New Roman';">&#237;</font><font style="font-family: 'Times New Roman';">mica</font><font style="font-family: 'Times New Roman';">, EMCA, </font><font style="font-family: 'Times New Roman';">Tequimar&nbsp;</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 </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';">Ipiranga</font><font style="font-family: 'Times New Roman';"> and Iconic credits</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin-top: 0pt; margin-left: 7.1pt; margin-bottom: 0pt; text-indent: -7.1pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 7.1pt; margin-bottom: 0pt; text-indent: -7.1pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 7pt;">(6) </font><font style="font-family: 'Times New Roman';">For more information, see Note 22.b.2.4.</font></font></p>
<p style="margin-top: 0pt; margin-left: 7.1pt; margin-bottom: 0pt; text-indent: -7.1pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 7.1pt; margin-bottom: 0pt; text-indent: -7.1pt; text-align: justify; font-size: 9pt;"><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;">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; </font><font style="font-family: 'Times New Roman';">RenovaBio</font><font style="font-family: 'Times New Roman';"> (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>
</div>
</div>
<p style="margin-top: 2pt; margin-bottom: 8pt; text-align: justify; line-height: 108%; font-size: 9pt;"><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'>105</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><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 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A.<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">and</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>Subsidiaries</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">30. </font><font style="font-family: 'Times New Roman';">Financial </font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">ncome (Expense)</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 365px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Parent</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">Consolidated</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial income:</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 50%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest on financial investments</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 11%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">42,749</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 11%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">73,201</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 11%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">135,502</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 11%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">302,793</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest from customers</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">134,001</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">138,462</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Selic</font><font style="font-family: 'Times New Roman';"> interest on extraordinary PIS/COFINS credits (see Note 7.a.2)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">242,661</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">11,146</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other financial income</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">273</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">15,546</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">4,888</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">43,022</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">73,201</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">527,710</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">457,289</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial expenses:</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest on loans</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(43,503)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(372,017)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(388,897)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest on debentures</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(53,960)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(111,732)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(321,654)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(482,361)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest on leases payable</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(4,238)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(200)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(147,687)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(132,994)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Bank charges, financial transactions tax, and other charges</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(1,853)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(2,692)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(79,882)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(62,687)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">25</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">158,007</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">134,544</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,353)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,760)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(17,353)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(7,760)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Interest of provisions, net, and other financial</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(16,498)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(23,988)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(120,907)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(122,359)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(797,084)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(964,143)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial income (expense)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(77,885)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(49,158)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(269,374)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(506,854)</font></p>
</td>
</tr>

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

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

</table>
<hr class="horizontalLineRemoved" 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 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><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 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A.<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">and</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>Subsidiaries</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">31. </font><font style="font-family: 'Times New Roman';">Earnings per </font><font style="font-family: 'Times New Roman';">s</font><font style="font-family: 'Times New Roman';">hare (Parent and Consolidated)</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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 </font><font style="font-family: 'Times New Roman';">&#8211;</font><font style="font-family: 'Times New Roman';"> 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 302px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Basic earnings per share</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 67%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income for the year of the Company</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 15%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">893,383</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 3%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 15%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">373,526</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Weighted average shares outstanding (in thousands)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,087,050</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,086,642</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Basic earnings per share &#8211; R$</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.8218</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.3437</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Diluted earnings per share</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net income for the year of the Company</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">893,383</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">373,526</font></p>
</td>
</tr>
<tr style="height: 12px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 12px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 12px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,093,478</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 12px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 12px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,092,826</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Diluted earnings per share &#8211; R$</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.8170</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">0.3418</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">Weighted average shares outstanding (in thousands)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Weighted average shares outstanding for basic per share </font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,087,050</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,086,642</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Dilution effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman';">Subscription warrants &#8211; indemnification</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,570</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">3,570</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Times New Roman';">Deferred stock plan</font></font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,858</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">2,614</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Weighted average shares outstanding for diluted per share </font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,093,478</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">1,092,826</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Earnings per share were adjusted retrospectively by the </font><font style="font-family: 'Times New Roman';">issue of 2,195,520 common</font><font style="font-family: 'Times New Roman';"> shares due to the partial exercise of the rights conferred by the subscription warrants disclosed in note 24 and by the issue of 70,939 common shares disclosed in note 35.b.</font></font></p>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">32. </font><font style="font-family: 'Times New Roman';">Segment </font><font style="font-family: 'Times New Roman';">i</font><font style="font-family: 'Times New Roman';">nformation</font></font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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 (</font><font style="font-family: 'Times New Roman';">Ipiranga</font><font style="font-family: 'Times New Roman';">) 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 (</font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';">) 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 (</font><font style="font-family: 'Times New Roman';">Ultracargo</font><font style="font-family: 'Times New Roman';">) 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';"> (</font><font style="font-family: 'Times New Roman';">Extrafarma</font><font style="font-family: 'Times New Roman';">) 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';">f</font><font style="font-family: 'Times New Roman';">inancial </font><font style="font-family: 'Times New Roman';">statements</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">are strategic business units supplying different products and services. Intersegment sales are at prices </font><font style="font-family: 'Times New Roman';">similar to</font><font style="font-family: 'Times New Roman';"> those that would be charged to third parties.</font></font></p>
</div>
<p style="margin-top: 2pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; font-size: 11pt;"><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'>107</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><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 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A.<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">and</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>Subsidiaries</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic; font-size: 10pt;">a. Financial information related to segments</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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; height: 667px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net revenue from sales and services:</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 74%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 4%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">7,408,342</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">7,094,823</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">66,133,035</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">75,452,481</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">5,210,704</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">4,254,237</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">644,177</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">540,758</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,988,411</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,060,568</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">17,223</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">81,401,892</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">89,402,867</font></font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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: 7pt;">(1)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">48,325</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">44,770</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Intersegment sales</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(209,115)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(149,662)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">81,241,102</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">89,297,975</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Intersegment sales:</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">4,710</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,794</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">207</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">535</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">16,069</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">22,265</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">139,452</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">78,390</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; border-top: 0.75pt solid #000000 !important; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">160,438</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; border-top: 0.75pt solid #000000 !important; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">104,984</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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: 7pt;">(1)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">48,677</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">44,678</font></font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">209,115</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">149,662</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">7,403,632</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">7,091,029</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">66,132,828</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">75,451,946</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">5,194,635</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">4,231,971</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">504,725</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">462,368</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,988,411</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,060,569</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">17,223</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; border-top: 0.75pt solid #000000 !important; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">81,241,454</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; border-top: 0.75pt solid #000000 !important; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">89,297,883</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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: 7pt;">(1)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(352)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">92</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">81,241,102</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">89,297,975</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Operating income (expense):</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">494,213</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">368,975</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">915,432</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,674,439</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">355,852</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(12,833)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">251,759</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">83,171</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(69,672)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(720,252)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(28,966)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Holding </font><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 7pt;">(2)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(107,451)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(96,432)</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 19px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 19px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,811,167</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 19px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,297,068</font></font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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: 7pt;">(1)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">888</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,484</font></font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,812,055</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,300,552</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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 class="horizontalLineRemoved" 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 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><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 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A.<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">and</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>Subsidiaries</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 503px; width: 100%; margin: 0px; text-indent: 0px;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 74%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 4%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(53)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(5)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(932)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,790</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">402</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">532</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">392</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,370</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(191)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">3,687</font></font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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: 7pt;">(3)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(43,426)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(15,832)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(43,617)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(12,145)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,768,438</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,288,407</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Financial result, net</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(269,374)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(506,854)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Income before income and social contribution taxes</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,499,064</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">781,553</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">309,083</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">249,784</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">338,848</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">370,864</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">210,144</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">255,016</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">218,898</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">217,377</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">39,824</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">89,850</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">15,434</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; border-top: 0.75pt solid #000000 !important; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,132,231</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; border-top: 0.75pt solid #000000 !important; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,182,891</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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: 7pt;">(1)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">32,437</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">20,186</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,164,668</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,203,077</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding: 0px; vertical-align: bottom; height: 17px; text-align: left; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; font-size: 10pt; padding-left: 0px; padding-right: 0px;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(163)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(290)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px; vertical-align: bottom; height: 17px; text-align: left; margin: 0px; text-indent: 0px; background-color: #cceeff;">
<p style="margin: 0px; text-indent: 0px; font-size: 10pt; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Provision for demobilization of machinery and equipment</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(375)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding: 0px; vertical-align: bottom; height: 17px; text-align: left; margin: 0px; text-indent: 0px;">
<p style="margin: 0px; text-indent: 0px; font-size: 10pt; padding-left: 0px; padding-right: 0px;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Capitalized borrowing costs</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(13,316)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">(30,748)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,150,814</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,172,039</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">543,382</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">330,068</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">5,703</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; border-top: 0.75pt solid #000000 !important; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">549,085</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; border-top: 0.75pt solid #000000 !important; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">330,068</font></font></p>
</td>
</tr>

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

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

</table>
<hr class="horizontalLineRemoved" 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 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><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 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A.<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">and</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>Subsidiaries</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 460px;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 74%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 4%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">192,241</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">186,221</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">314,511</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">290,747</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">260,780</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">212,328</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">65,838</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">59,618</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">82,530</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">80,550</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">4,053</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">919,953</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">829,464</font></font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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: 7pt;">(1)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">18,888</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">15,183</font></font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">938,841</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">844,647</font></font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">287,800</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">355,055</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,636</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">195</font></font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">289,436</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">355,250</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Amortization of right to use assets: </font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">41,015</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">31,264</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">177,039</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">164,543</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">14,283</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">9,676</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">19,482</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">20,673</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">71,369</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">73,774</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">40</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">323,228</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">299,930</font></font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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: 7pt;">(1)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">5,094</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">128</font></font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">328,322</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; border-bottom: 2.8pt double #000000; height: 18px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">300,058</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 198px;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total assets (excluding intersegment account balances):</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 74%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; width: 4%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,927,061</font></font></p>
</td>
<td style="padding: 0px; vertical-align: middle; height: 17px; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,998,623</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">18,761,207</font></font></p>
</td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">16,278,320</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">8,892,850</font></font></p>
</td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">7,453,476</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,197,675</font></font></p>
</td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,871,799</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,845,038</font></font></p>
</td>
<td style="padding: 0px; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">2,060,182</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">85,787</font></font></p>
</td>
<td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">34,709,618</font></font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">30,662,400</font></font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><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: 7pt;">(1)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,540,544</font></font></p>
</td>
<td style="padding: 0px; vertical-align: middle; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">533,072</font></font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">36,250,162</font></font></p>
</td>
<td style="padding: 0px; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">31,195,472</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 7.1pt; margin-bottom: 0pt; text-indent: -7.1pt; text-align: justify; font-size: 9pt;"><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 style="font-family: 'Times New Roman'; vertical-align: super;"> </font></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';"> </font><font style="font-family: 'Times New Roman';">parent</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';"> Ultrapar</font><font style="font-family: 'Times New Roman';"> (</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</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';">ubsidiaries</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Serma</font><font style="font-family: 'Times New Roman';"> - 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</font><font style="font-family: 'Times New Roman';"> Im&#243;veis Ltda</font><font style="font-family: 'Times New Roman';">.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super;"><font style="font-size: 7pt;">(2)</font> </font><font style="font-family: 'Times New Roman';">Expenses related to </font><font style="font-family: 'Times New Roman';">Ultrapar&#8217;s</font><font style="font-family: 'Times New Roman';"> holding structure, including the Presidency,</font><font style="font-family: 'Times New Roman';"> </font><font style="font-family: 'Times New Roman';">Financial board, </font><font style="font-family: 'Times New Roman';">CA and CF</font><font style="font-family: 'Times New Roman';">, advisory </font><font style="font-family: 'Times New Roman';">comittees</font><font style="font-family: 'Times New Roman';"> 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-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; vertical-align: super; font-size: 7pt;">(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 </font><font style="font-family: 'Times New Roman';">ConectCar</font><font style="font-family: 'Times New Roman';"> and RPR.</font></font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';"><br></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'>110</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><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 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A.<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">and</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>Subsidiaries</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 5pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Notes to the Parent</font><font style="font-family: 'Times New Roman';">&#8217;s Separate</font><font style="font-family: 'Times New Roman';"><font>&nbsp;</font>and Consolidated Financial<font>&nbsp;</font></font><font style="font-family: 'Times New Roman';">Statements</font></font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 6pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></p>
<p style="margin: 0pt 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 9pt;"><font style="font-family: 'Times New Roman'; font-style: italic; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">b</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">. </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">Geographic </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">a</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">rea </font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">i</font><font style="font-family: 'Times New Roman'; font-weight: bold; font-style: italic;">nformation</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">The fixed and intangible assets of the Company and its subsidiaries </font><font style="font-family: 'Times New Roman';">are located in</font><font style="font-family: 'Times New Roman';"> Brazil, except those related to </font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';">&#8217; plants abroad, as shown below:</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 103px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 78%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">United States of America</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,152,876</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">909,787</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">163,042</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">124,809</font></font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Uruguay</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">90,347</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">74,732</font></font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,406,265</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; border-top: 0.75pt solid #000000 !important;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">1,109,328</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'Times New Roman'; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Net revenue from sale and services:</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 78%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Brazil</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">79,364,726</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">87,927,198</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Mexico</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">239,968</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">220,021</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Uruguay</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">59,606</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">41,648</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other Latin American countries</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">647,469</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">418,368</font></font></p>
</td>
</tr>
<tr style="height: 15pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">United States of America and Canada</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">590,926</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">437,669</font></font></p>
</td>
</tr>
<tr style="height: 15pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Far East</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">91,428</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">74,093</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Europe</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">151,150</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">118,917</font></font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Other</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">95,829</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">60,061</font></font></p>
</td>
</tr>
<tr style="height: 13.5pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">81,241,102</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Times New Roman';">89,297,975</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'Times New Roman'; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-family: 'Times New Roman';">Sales to the foreign market are made substantially by the </font><font style="font-family: 'Times New Roman';">Oxiteno</font><font style="font-family: 'Times New Roman';">.</font></font></p>
</div>
<div style="-aw-headerfooter-type: footer-primary; clear: both;">
<div style="-aw-sdt-tag: '';">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><br></p>
<br></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 class="horizontalLineRemoved" 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; /* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><i>(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</i></font></p>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33. Risks and financial instruments (Consolidated)</font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">a. </font><font style="font-weight: bold; font-style: italic;">Risk </font><font style="font-weight: bold; font-style: italic;">m</font><font style="font-weight: bold; font-style: italic;">anagement and </font><font style="font-weight: bold; font-style: italic;">f</font><font style="font-weight: bold; font-style: italic;">inancial </font><font style="font-weight: bold; font-style: italic;">i</font><font style="font-weight: bold; font-style: italic;">nstruments </font><font style="font-weight: bold; font-style: italic;">&#8211;</font><font style="font-weight: bold; font-style: italic;"> </font><font style="font-weight: bold; font-style: italic;">g</font><font style="font-weight: bold; font-style: italic;">overnance</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Company has a policy for the management of resources, financial instruments, and risks approved by its CA (&#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 market risks (currencies, interest rates and commodities), liquidity and credit. The governance of the management of financial risks follows the segregation of duties below:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">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 quarterly meetings and monitors the risk standards established by the Policy through a monitoring map on a monthly basis.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Approval of the Policy and the periodic assessment of Company exposure to financial risks are subject to the approval of the CA of Ultrapar.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" 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-family: 'times new roman', times; font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><i>(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</i></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">b. </font><font style="font-weight: bold; font-style: italic;">Currency </font><font style="font-weight: bold; font-style: italic;">r</font><font style="font-weight: bold; font-style: italic;">isk</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Most transactions of the Company, through its subsidiaries, 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 changes in assets and liabilities in foreign currency.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">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, and disbursements in foreign currency and net investments in foreign operations. Hedge is used in order to reduce the effects of changes in exchange rates on the Company&#180;s income 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, and disbursements in foreign currencies to which they are related. </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Assets and liabilities in foreign currencies are stated below, translated into Brazilian Reais:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">b.1 </font><font style="font-weight: bold; font-style: italic;">Assets and </font><font style="font-weight: bold; font-style: italic;">l</font><font style="font-weight: bold; font-style: italic;">iabilities in </font><font style="font-weight: bold; font-style: italic;">f</font><font style="font-weight: bold; font-style: italic;">oreign </font><font style="font-weight: bold; font-style: italic;">c</font><font style="font-weight: bold; font-style: italic;">urrencies</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 295px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 78%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Assets in foreign currency</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash, cash equivalents and financial investments in foreign currency (except hedging instruments)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,413,276</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">455,620</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Foreign trade receivables, net of allowance for doubtful accounts and advances to foreign customers</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">307,829</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">213,544</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other assets</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,767,626</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,445,022</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,488,731</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,114,186</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Liabilities in foreign currency</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financing in foreign currency, gross of transaction costs and discount</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(9,246,707)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,895,052)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payables arising from imports, net of advances to foreign suppliers</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(633,013)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(344,523)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(9,879,720)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(7,239,575)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Foreign currency hedging instruments</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,837,554</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,636,418</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net liability position &#8211; total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,553,435)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,488,971)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net asset (liability) position &#8211; income statement effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">186,306</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">452,178</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net liability position &#8211; equity effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,739,741)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,941,149)</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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; font-family: 'times new roman', times;" class="pageno"><font class='pageno'>113</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-family: 'times new roman', times; font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><i>(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</i></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">b.2 </font><font style="font-weight: bold; font-style: italic;">Sensitivity </font><font style="font-weight: bold; font-style: italic;">a</font><font style="font-weight: bold; font-style: italic;">nalysis of </font><font style="font-weight: bold; font-style: italic;">a</font><font style="font-weight: bold; font-style: italic;">ssets and </font><font style="font-weight: bold; font-style: italic;">l</font><font style="font-weight: bold; font-style: italic;">iabilities in </font><font style="font-weight: bold; font-style: italic;">f</font><font style="font-weight: bold; font-style: italic;">oreign </font><font style="font-weight: bold; font-style: italic;">c</font><font style="font-weight: bold; font-style: italic;">urrency</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Scenarios I, II and III were based on 10%, 25% and 50% variations, respectively, applied on 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The table below shows, in the three scenarios, the effects of exchange rate changes on the net liability position of R$ 1,553,435 in foreign currency as of December 31, 2020:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 99.7548%;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Risk</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario I</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario II</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario III</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Base</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">25%</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">50%</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 54%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1) Income statement effect</font></p>
</td>
<td rowspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Real <br>devaluation</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%; background-color: #cceeff;" rowspan="2"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18,631</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%; background-color: #cceeff;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">46,577</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%; background-color: #cceeff;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">93,153</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2) Equity effect</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(173,974)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(434,935)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(869,871)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp; (1) + (2)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(155,343)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(388,358)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(776,718)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3) Income statement effect</font></p>
</td>
<td rowspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Real <br>appreciation</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;" rowspan="2"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(18,631)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(46,577)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(93,153)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4) Equity effect</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">173,974</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;"><br></td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">434,935</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;"><br></td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">869,871</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp; (3) + (4)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">155,343</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">388,358</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">776,718</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The table below shows, in the three scenarios, the effects of exchange rate changes on the net liability position of R$ 1,488,971 in foreign currency as of December 31, 2019:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 99.8366%; height: 173px;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Risk</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario I</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario II</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario III</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Base</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">25%</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">50%</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 54%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1) Income statement effect</font></p>
</td>
<td rowspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Real <br>devaluation</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; width: 2%; background-color: #cceeff;" rowspan="2"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">45,218</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">113,045</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 2%; background-color: #cceeff;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">226,089</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2) Equity effect</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(194,115)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(485,287)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(970,575)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp; (1) + (2)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(148,897)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(372,242)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(744,486)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3) Income statement effect</font></p>
</td>
<td rowspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Real <br>appreciation</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;" rowspan="2"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(45,218)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(113,045)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(226,089)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4) Equity effect</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">194,115</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">485,287</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"><br></td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">970,575</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp; (3) + (4)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">148,897</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">372,242</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;"><br></td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">744,486</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The equity effect refers to cumulative translation adjustments of changes in the exchange rate on equity of foreign subsidiaries (see Notes 2.s.1 and 25.g.2), net investments hedge in foreign entities, cash flow hedge of firm commitment and highly probable transaction (see Note 2.c and &#8220;h. Hedge Accounting&#8221; below).</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">c. </font><font style="font-weight: bold; font-style: italic;">Interest </font><font style="font-weight: bold; font-style: italic;">r</font><font style="font-weight: bold; font-style: italic;">ate </font><font style="font-weight: bold; font-style: italic;">r</font><font style="font-weight: bold; font-style: italic;">isk</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">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 Brasil, as well as debentures and borrowings in foreign currency, as shown in Note 16.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Company attempts to maintain most of its financial interest assets and liabilities at floating rates.</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" 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-family: 'times new roman', times; font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><i>(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</i></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-style: italic; font-size: 10pt;">c.1 Assets and liabilities exposed to floating interest rates</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The financial assets and liabilities exposed to floating interest rates are demonstrated below:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Note</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">DI</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 68%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash equivalents</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,241,852</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,780,939</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial investments</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,749,852</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,610,686</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Asset position of foreign exchange hedging instruments &#8211; DI</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33.g</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19,323</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Loans and debentures</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,947,362)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,268,615)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Liability position of foreign exchange hedging instruments &#8211; DI</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33.g</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,124,146)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,318,289)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Liability position of fixed interest instruments + IPCA &#8211; DI</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33.g</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,203,705)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(821,902)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net liability position in DI</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5,283,509)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5,997,858)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">TJLP</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Loans &#8211;TJLP</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16.a</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(29,803)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(103,945)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net liability position in TJLP</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(29,803)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(103,945)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">LIBOR</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Asset position of foreign exchange hedging instruments &#8211; LIBOR</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33.g</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">260,958</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">850,307</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Loans &#8211; LIBOR</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16.a</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(573,484)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,457,263)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net liability position in LIBOR</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(312,526)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(606,956)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">SELIC</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Loans &#8211; SELIC</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16.a</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(30,392)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net liability position in SELIC</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(30,392)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Total net liability position exposed to floating interest</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5,625,838)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-top: 1pt solid #000000; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,739,151)</font></p>
</td>
</tr>

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

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font class="pageno"><font class='pageno'>115</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="break-before: page; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><i>(In thousands of Brazilian&nbsp;Reais, unless otherwise stated)</i></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">c.</font><font style="font-weight: bold; font-style: italic;">2</font><font style="font-weight: bold; font-style: italic;"> </font><font style="font-weight: bold; font-style: italic;">Sensitivity </font><font style="font-weight: bold; font-style: italic;">a</font><font style="font-weight: bold; font-style: italic;">nalysis of </font><font style="font-weight: bold; font-style: italic;">f</font><font style="font-weight: bold; font-style: italic;">loating </font><font style="font-weight: bold; font-style: italic;">i</font><font style="font-weight: bold; font-style: italic;">nterest </font><font style="font-weight: bold; font-style: italic;">r</font><font style="font-weight: bold; font-style: italic;">ate </font><font style="font-weight: bold; font-style: italic;">r</font><font style="font-weight: bold; font-style: italic;">isk</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">For sensitivity analysis of floating interest rate risk, the Company used the accumulated amount of the reference indexes (DI, TJLP, LIBOR and SELIC) as a base scenario. Scenarios I, II and III were based on 10%, 25% and 50% variations, respectively, applied in the floating interest rate of the base scenario:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 305px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Risk</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario I</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario II</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario III</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 56%; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 14%; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Base</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">25%</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">50%</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; text-decoration: underline; font-size: 10pt;">Exposure of interest rate risk</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest effect on cash equivalents and financial </font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Increase in DI</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,175</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">32,937</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">65,875</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest effect on debt in DI</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Increase in DI</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(19,674)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(49,184)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(98,368)</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest rate hedging instruments (liabilities in DI) effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Increase in DI</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,137)</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(11,934)</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(29,929)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 4px; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; &nbsp; Incremental expenses</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(7,636)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(28,181)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(62,422)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest effect on debt in TJLP</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Increase in TJLP</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(301)</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(752)</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,503)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; &nbsp; Incremental expenses</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(301)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(752)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,503)</font></p>
</td>
</tr>
<tr style="height: 13px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Foreign exchange hedging instruments (assets in LIBOR) effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Increase in LIBOR</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">528</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,320</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 13px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,640</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest effect on debt in LIBOR</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Increase in LIBOR</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,410)</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,525)</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(7,050)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; &nbsp; Incremental expenses</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(882)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,205)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,410)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest effect on debt in SELIC</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Increase in SELIC</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(41)</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(102)</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(203)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Incremental expenses</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(41)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(102)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(203)</font></p>
</td>
</tr>

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

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>116</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 316px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Risk</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario I</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario II</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario III</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Base</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">25%</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">50%</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; text-decoration: underline; font-size: 10pt;">Exposure of interest rate risk</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 56%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest effect on cash equivalents and financial </font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 14%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Increase in DI</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">29,304</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">73,261</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">146,522</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Foreign exchange hedging instruments (assets in DI)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Increase in DI</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">55</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">137</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">274</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest effect on debt in DI</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Increase in DI</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(44,469)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(111,173)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(222,345)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest rate hedging instruments (liabilities in DI) effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Increase in DI</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(39,175)</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(85,571)</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(162,897)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; &nbsp; Incremental expenses</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(54,285)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(123,346)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(238,446)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest effect on debt in TJLP</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Increase in TJLP</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,213)</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,033)</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,065)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; &nbsp; Incremental expenses</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,213)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,033)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6,065)</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Foreign exchange hedging instruments (assets in LIBOR) effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Increase in LIBOR</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,722</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,305</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,609</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest effect on debt in LIBOR</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Increase in LIBOR</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3,551)</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(8,876)</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(17,753)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; &nbsp; Incremental expenses</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,829)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,571)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(9,144)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest effect on debt in SELIC</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Increase in SELIC</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(251)</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(628)</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,257)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp; &nbsp; Incremental expenses</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(251)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(628)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,257)</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">d. </font><font style="font-weight: bold; font-style: italic;">Credit </font><font style="font-weight: bold; font-style: italic;">r</font><font style="font-weight: bold; font-style: italic;">isks</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">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 (see Note 4), and trade receivables (see Note 5).</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">d.1 </font><font style="font-weight: bold; font-style: italic;">Credit risk of financial institutions </font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">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, and hedging instruments are subject to maximum limits by each institution and, therefore, require diversification of counterparties.</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>117</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">d.2 </font><font style="font-weight: bold; font-style: italic;">Government credit risk</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Company's policy allows investments in government securities from countries classified as investment grade AAA or aaa by specialized credit rating agencies (S&amp;P, Moody&#8217;s and Fitch) 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The credit risk of financial institution and government of cash, cash equivalents and financial investments is summarized below:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 75.9804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; width: 2.08333%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; width: 21.8137%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Fair value</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 75.9804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Counterparty credit rating</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; width: 2.08333%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; width: 1.96078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 75.9804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">AAA</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; width: 2.08333%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,190,428</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 1.96078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,906,077</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 75.9804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">AA</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; width: 2.08333%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">317,894</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1.96078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">331,512</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 75.9804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">A</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; width: 2.08333%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">163,838</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 1.96078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">418,020</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 75.9804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">BBB</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff; width: 2.08333%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 1.96078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">56,488</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 75.9804%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; width: 2.08333%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,672,160</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 1.96078%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; width: 9.92647%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,712,097</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">d.3 </font><font style="font-weight: bold; font-style: italic;">Customer credit risk</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The credit policy establishes the analysis of the profile of each new customer, individually, regarding their financial condition. The review carried out by the subsidiaries of the Company includes the evaluation of external ratings, when available, financial statements, 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">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 the geographic area.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The expected of credit losses are calculated by the expected loss approach based on the probability of default 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. The probability of default calculation takes into account a credit risk score for each exposure, based on data considered to be capable of foreseeing the risk of loss (external classifications, audited financial statements, cash flow projections, customer information available in the press, for example), with addition of the credit assessment based on experience.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Such credit risks are managed by each business unit through specific criteria for acceptance of customers and their credit rating and are additionally mitigated by the diversification of sales. No single customer or group accounts for more than 10% of total revenue.</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>118</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 78%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">447,389</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">447,235</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">113,621</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">94,985</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16,430</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,252</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Extrafarma</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">73</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,419</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,594</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,001</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">579,107</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">560,892</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The table below presents information about credit risk exposure:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 147px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td colspan="5" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="5" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Weighted<br>average&nbsp;rate&nbsp;of<br>losses</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Accounting <br>balance</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Provision for <br>losses</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Weighted<br>average&nbsp;rate&nbsp;of<br>losses</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Accounting <br>balance</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Provision for <br>losses</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 30%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Current</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1.2%</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,751,067</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">44,091</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1.3%</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,843,803</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">50,198</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">less than 30 days</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2.2%</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">134,836</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,939</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2.1%</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">185,612</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,975</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">31-60 days</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8.2%</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">43,207</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,563</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7.1%</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">37,801</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,688</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">61-90 days</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10.9%</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">42,589</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,630</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">20.4%</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">24,861</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,062</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">91-180 days</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">36.8%</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">76,158</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">28,062</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">41.8%</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">91,633</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">38,337</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">more than 180 days</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">55.7%</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">890,756</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">495,822</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">53.1%</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">867,618</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">460,632</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,938,613</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">579,107</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,051,328</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">560,892</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The information about expected losses on doubtful accounts balances by geographic area are as follows:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 78%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Brazil </font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">568,461</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">550,928</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Mexico</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,123</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Uruguay</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">76</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">267</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other Latin American countries</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">271</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">561</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">United States of America and Canada</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,146</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">889</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Europe</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,120</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,075</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Others</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">49</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">579,107</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">560,892</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">For further information about the allowance for expected losses on doubtful accounts, see Notes 5.a and 5.b.</font></p>
</div>
<div style="-aw-headerfooter-type: footer-primary; clear: both;">
<div style="-aw-sdt-tag: '';">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1</font></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" 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: 0px; text-indent: 0px;"><br></p>
<div>
<div style="-aw-headerfooter-type: linked; clear: both;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 5pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 6pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-style: italic; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">d.</font><font style="font-weight: bold; font-style: italic;">4 Price risk</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Company and its subsidiaries are exposed to commodity price risk, due the fluctuation in prices for diesel and gasoline, among others.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">To mitigate the risk of the fluctuation of diesel and gasoline prices, the Company and its subsidiaries permanently monitor the market, seeking to protection of price movements through hedge transactions for cargo purchased in the international market, used contracts of derivative for heating oil (diesel) and RBOB (gasoline) traded on the stock exchange. These products are traded on the stock exchange and are subjected to the impacts of macroeconomic and geopolitical factors outside the control of the Company and its subsidiaries.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The table below shows the positions of derivative financial instruments to hedge commodity price risk at December 31, 2020:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; 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%">

<tr style="height: 12.75pt;">
<td style="width: 45pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Derivative</font></p>
</td>
<td style="width: 1.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="5" style="width: 36.45pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Contract</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 67.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="font-weight: bold;">Notional amount (m</font><font style="font-weight: bold; vertical-align: super; font-size: 7pt;">3</font><font style="font-weight: bold;">)</font></font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 67.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Notional amount (USD thousands)</font></p>
</td>
<td style="width: 4.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 64.35pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Fair value</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 45pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 36.45pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Position</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Product</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 39.55pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Maturity</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 67.8pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="width: 4.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 64.35pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 72.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 36.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 39.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 67.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 4.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 64.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">R$ thousands</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 72.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">R$ thousands</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Term</font></p>
</td>
<td style="width: 1.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 36.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sold</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Heating Oil</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 39.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">jan-21</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">108,429</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">76,950</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">42,399</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">40,529</font></p>
</td>
<td style="width: 4.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(563)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 72.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,378)</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Term</font></p>
</td>
<td style="width: 1.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 36.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sold</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">RBOB</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 39.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">64,867</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 67.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">29,243</font></p>
</td>
<td style="width: 4.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.35pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 72.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,107</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 36.45pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 39.55pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 73.7pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 73.7pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 73.7pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 73.8pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 4.35pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 64.35pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(563)</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 72.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,271)</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
</div>
<div>
<div style="-aw-headerfooter-type: linked; clear: both;">
<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 class="horizontalLineRemoved" 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: 0px; text-indent: 0px;"><br></p>
<div>
<div style="-aw-headerfooter-type: linked; clear: both;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 5pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 6pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-style: italic; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">e. </font><font style="font-weight: bold; font-style: italic;">Liquidity </font><font style="font-weight: bold; font-style: italic;">r</font><font style="font-weight: bold; font-style: italic;">isk</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Company and its subsidiaries&#8217; main sources of liquidity derive from (i)&nbsp;cash, cash equivalents, and financial investments, (ii)&nbsp;cash generated from operations and (iii)&nbsp;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, and payment of dividends.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Company and its subsidiaries periodically examine opportunities for acquisitions and investments. They consider different types of investments, either directly, through joint ventures, or through associated companies, and finance such investments using cash generated from operations, debt financing, through capital increases, or through a combination of these methods.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Company and its subsidiaries believe to have enough working capital and sources of financing to satisfy their current needs. The gross indebtedness due over the next twelve months totaled R$ 3,620,550, including estimated interests on loans (for quantitative information, see Note 16.a). Furthermore, the investment for 2021 totaled R$ 1,890,763. On December 31, 2020, the Company and its subsidiaries had R$ 7,694,752 in cash, cash equivalents, and short-term financial investments (for quantitative information, see Note 4).</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The table below presents a summary of financial liabilities as of December 31, 2020 by the Company and its subsidiaries, listed by maturity. The amounts disclosed in this table are the contractual undiscounted cash outflows, and, therefore, these amounts &#8203;&#8203;may be different from the amounts disclosed on the balance sheet.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 70px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Financial liabilities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Less&nbsp;than&nbsp;1<br>year</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Between&nbsp;1&nbsp;and<br>3&nbsp;years</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Between&nbsp;3&nbsp;and<br>5&nbsp;years</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">More&nbsp;than&nbsp;5<br>years</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 50%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Loans including future contractual interest (1) (2)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">20,131,159</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,620,550</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,716,208</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,695,276</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px; width: 10%; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,099,125</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Currency and interest rate hedging instruments (3)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">472,647</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">133,092</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">88,918</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">106,885</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">143,752</font></p>
</td>
</tr>
<tr style="height: 20px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade payables</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,040,652</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,040,652</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 20px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,734,384</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">396,010</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">668,089</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">541,004</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,129,281</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="font-size: 7pt;"><font style="vertical-align: super;">(1</font><font style="vertical-align: super;">) </font></font>To calculate the estimated interest on loans some macroeconomic assumptions were used, including averaging for the period the following: (i) DI of % 2.29% to 2021, 3.74% to 2022 and 4.84% to 2023; (ii) exchange rate of the Real against the U.S. dollar of R$ 4.86 in 2021, R$ 4.33 in 2022, R$ 4.17 in 2023, R$ 4.20 in 2024, R$ 4.22 in 2025, R$ 4.24 in 2026, R$ 4.26 in 2027, R$ 4.28 in 2028 and R$ 4.30 in 2029; (iii) TJLP of 4.39%; (iv) IGP-M of 4.79% in 2021, 4.02% in 2022, 3.25% as from 2023; (v) IPCA of 3.6% in 2021, 3.3% in 2022, 3.0% as from 2023 (source: B3, Bulletin Focus and financial institutions).</font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="vertical-align: super; font-size: 7pt;">(2) </font>Includes estimated interest payments on short-term and long-term loans until the payment date.</font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="vertical-align: super; font-size: 7pt;">(3) </font>The currency and interest rate hedging instruments were estimated based on projected U.S dollar futures contracts and the futures curves of DI x Pre and Pre x IPCA contracts quoted on B3 on December 31, 2020 and on the futures curve of LIBOR (ICE &#8211; Intercontinental Exchange) and commodities heating oil contracts and RBOB quoted on New York Mercantile Exchange (&#8220;NYMEX&#8221;) on December 31, 2020. In the table above, only the hedging instruments with negative results at the time of settlement were considered.</font></p>
</div>
</div>
<div>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; 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'>121</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; text-indent: 0px; text-align: justify; font-size: 9pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">f. </font><font style="font-weight: bold; font-style: italic;">Capital </font><font style="font-weight: bold; font-style: italic;">m</font><font style="font-weight: bold; font-style: italic;">anagement</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">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, and indebtedness / equity ratios. Net debt is composed of cash, cash equivalents, and financial investments (see Note 4) and loans, including debentures (see Note 16). 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 invested capital by implementing efficient working capital management and a selective investment program.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">g. </font><font style="font-weight: bold; font-style: italic;">Selection and </font><font style="font-weight: bold; font-style: italic;">u</font><font style="font-weight: bold; font-style: italic;">se of </font><font style="font-weight: bold; font-style: italic;">f</font><font style="font-weight: bold; font-style: italic;">inancial </font><font style="font-weight: bold; font-style: italic;">i</font><font style="font-weight: bold; font-style: italic;">nstruments</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">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 a review is conducted of any 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">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, Swaps, 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></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>122</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p>Ultrapar<font style="font-size: 10pt; text-align: justify;"> </font>Participa&#231;&#245;es<font style="font-size: 10pt; text-align: justify;"> S.A. and Subsidiaries</font><br></p>
</div>
<div>
<div style="-aw-headerfooter-type: linked; clear: both;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 5pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 6pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-style: italic; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The table below summarizes the position of hedging instruments entered by the Company and its subsidiaries:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; 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%;" width="100%">

<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td colspan="3" style="width: 22.4265%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; text-decoration: underline; font-size: 8pt;">Designated as hedge accounting</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 6.98529%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 5.63725%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 8.33333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 8.33333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 10.2941%; padding-right: 3pt; padding-left: 3pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 10.5392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 6.98529%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 5.63725%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 8.33333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 8.33333%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 10.2941%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Product</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 10.5392%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Hedged object</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="width: 20.9559%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Rates agreement</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 6.98529%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Maturity</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 5.63725%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Note</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 18.2598%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="font-weight: bold;">Notional amount </font><font style="font-weight: bold; vertical-align: super;">1</font></font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 17.2794%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Fair value</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 10.2941%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 10.5392%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 11.3971%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Assets</font></p>
</td>
<td style="width: 9.55882%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Liabilities</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 6.98529%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 5.63725%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 8.33333%; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1.59314%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 8.33333%; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84314%; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1.59314%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84314%; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 10.2941%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Foreign exchange swap</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.5392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debt</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USD + 4.58 %</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">103.9% DI</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.98529%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">nov-23</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.63725%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33.h.1</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 8.33333%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USD 185,000</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 8.33333%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USD 245,000</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84314%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">298,889</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84314%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">69,298</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 10.2941%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Foreign exchange swap</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.5392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debt</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USD + LIBOR-3M + 1.14%</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">105.0% DI</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.98529%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">jun-22</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.63725%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33.h.1</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 8.33333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USD 50,000</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 8.33333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USD 150,000</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">94,782</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">74,970</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 10.2941%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest rate swap</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.5392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debt</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.57% + IPCA</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">95.8% DI</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.98529%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">dec-25</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.63725%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33.h.1</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 8.33333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 806,054</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 8.33333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 806,054</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">203,837</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">144,123</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 10.2941%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest rate swap</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.5392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debt</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6.47%</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">99.9% DI</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.98529%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">nov-24</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.63725%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33.h.1</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 8.33333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 90,000</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 8.33333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 90,000</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,498</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">584</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 10.2941%; padding-right: 3pt; padding-left: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Term</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.5392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Firm commitments</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">BRL</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Heating Oil / RBOB</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.98529%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">jan-21</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.63725%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33.h.1</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 8.33333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USD 42,399</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 8.33333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(563)</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 10.2941%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">NDF</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.5392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Firm commitments</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">BRL</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USD</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.98529%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">jan-21</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.63725%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33.h.1</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 8.33333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USD 23,124</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 8.33333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.59314%; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(733)</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 10.2941%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Zero Cost Collar</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.5392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating margin</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Put USD 3.86</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Call USD 4.33</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.98529%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.63725%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33.h.2</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 8.33333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 8.33333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USD 60,000</font></p>
</td>
<td style="width: 1.59314%; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84314%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84314%; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(121)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 10.2941%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 10.5392%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.3971%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 9.55882%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 6.98529%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 5.63725%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 8.33333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 8.33333%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84314%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">599,710</font></p>
</td>
<td style="width: 1.59314%; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 7.84314%; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">288,854</font></p>
</td>
</tr>

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

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

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td colspan="3" style="width: 98.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; text-decoration: underline; font-size: 8pt;">Not designated as hedge accounting</font></p>
</td>
<td style="width: 1.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 79.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 86.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 43.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 57.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 57.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 98.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 78.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 79.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 86.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 43.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 57.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 57.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 98.65pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Product</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 78.25pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Hedged object</font></p>
</td>
<td style="width: 1.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="2" style="width: 79.9pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Rates agreement</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 43.6pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Maturity</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 57.85pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><font style="font-weight: bold;">Notional amount </font><font style="font-weight: bold; vertical-align: super;">1</font></font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Fair value</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 98.65pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 78.25pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 79.9pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Assets</font></p>
</td>
<td style="width: 86.15pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Liabilities</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 43.6pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 57.85pt; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 57.9pt; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1.05pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 98.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Foreign exchange swap</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 78.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debt</font></p>
</td>
<td style="width: 1.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USD + 0.18%</font></p>
</td>
<td style="width: 86.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">55.5% DI</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 43.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">jun-29</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57.85pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USD 320,000</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57.9pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USD 853,000</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">519,260</font></p>
</td>
<td style="width: 1.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">353,451</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 98.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">NDF</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 78.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Firm commitments</font></p>
</td>
<td style="width: 1.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">BRL</font></p>
</td>
<td style="width: 86.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USD</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 43.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">may-21</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USD 378,550</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USD 71,600</font></p>
</td>
<td style="width: 7.1pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(112,152)</font></p>
</td>
<td style="width: 1.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,080)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 98.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Interest rate swap</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 78.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debt</font></p>
</td>
<td style="width: 1.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">1.9%</font></p>
</td>
<td style="width: 86.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100% DI</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 43.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">jan-21</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 1,300,000</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 7.1pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5)</font></p>
</td>
<td style="width: 1.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 98.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Foreign exchange swap</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 78.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debt</font></p>
</td>
<td style="width: 1.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">LIBOR-3M + 2.0%</font></p>
</td>
<td style="width: 86.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">105.9% DI</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 43.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USD 60,000</font></p>
</td>
<td style="width: 7.1pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">48,535</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 98.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Foreign exchange swap</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 78.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Firm commitments</font></p>
</td>
<td style="width: 1.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USD + 0.00%</font></p>
</td>
<td style="width: 86.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">33.5% DI</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 43.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USD 17,896</font></p>
</td>
<td style="width: 7.1pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,203)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 98.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Foreign exchange swap</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 78.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Operating margin</font></p>
</td>
<td style="width: 1.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">34.8% DI</font></p>
</td>
<td style="width: 86.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USD + 0.00%</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 43.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USD 4,680</font></p>
</td>
<td style="width: 7.1pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">612</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 98.65pt; padding-right: 3pt; padding-left: 3pt; background-color: #cceeff; vertical-align: bottom;" valign="bottom">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Term</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 78.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Firm commitments</font></p>
</td>
<td style="width: 1.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">BRL</font></p>
</td>
<td style="width: 86.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Heating Oil / RBOB</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 43.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: middle; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">USD 56,000</font></p>
</td>
<td style="width: 7.1pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,271)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 98.65pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.8pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 78.25pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 79.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 86.15pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 43.6pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57.85pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 57.9pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1.1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">407,103</font></p>
</td>
<td style="width: 1.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 50.7pt; border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">398,044</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 9pt;"><font style="vertical-align: super;">&nbsp;</font><sup>(1)</sup> Currency as indicated.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">All transactions mentioned above were properly registered with CETIP S.A.</font></p>
</div>
<p><br></p>
<div style="-aw-headerfooter-type: linked; clear: both;">
<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'>124</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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><br></p>
<div>
<div style="-aw-headerfooter-type: linked; clear: both;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 5pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 6pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-style: italic; font-size: 10pt;">(In thousands of Brazilian Reais, unless otherwise stated)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">h. </font><font style="font-weight: bold; font-style: italic;">Hedge </font><font style="font-weight: bold; font-style: italic;">a</font><font style="font-weight: bold; font-style: italic;">ccounting</font><font style="width: 32.33pt; display: inline-block; -aw-tabstop-align: left; -aw-tabstop-pos: 126.75pt;">&nbsp;</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Company and its subsidiaries use derivative and non-derivative financial instruments for hedging purposes and test, throughout the duration of the hedge, their effectiveness, as well as the changes in their fair value. </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-style: italic; font-size: 10pt;">h.1 Fair value hedge</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The foreign exchange hedging instruments designated as fair value hedge are:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 119px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">In thousands, except the DI %</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 78%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notional amount &#8211; US$</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">235,000</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">395,000</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Result of hedging instruments &#8211; gain/(loss) &#8211; R$</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">574,378</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">79,466</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Fair value adjustment of debt &#8211; R$</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(13,131)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(36,764)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial expense in the statements of profit or loss &#8211; R$</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(597,735)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(130,320)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Average effective cost &#8211; DI %</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">104.1</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">104.4</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">For more information, see Note 16.c.1.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The interest rate hedging instruments designated as fair value hedge are:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 119px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">In thousands, except the DI %</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 78%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notional amount &#8211; US$</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">806,054</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">806,054</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Result of hedging instruments &#8211; gain/(loss) &#8211; R$</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">67,446</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">72,957</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Fair value adjustment of debt &#8211; R$</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(18,446)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(76,992)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial expense in the statements of profit or loss &#8211; R$</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(99,555)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(68,054)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Average effective cost &#8211; DI %</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">95.8</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">95.8</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">For more information, see Notes 16.g.2, 16.g.4 and 16.g.6.</font></p>
</div>
</div>
<div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>125</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;"></font><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">In thousands, except the DI %</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 78%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notional amount &#8211; US$</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">90,000</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">90,000</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Result of hedging instruments &#8211; gain/(loss) &#8211; R$</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,528</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">584</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Fair value adjustment of debt &#8211; R$</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,250</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(208)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial expense in the statements of profit or loss &#8211; R$</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(8,968)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(377)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Average effective cost &#8211; DI %</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">99.9</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">99.9</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">For more information, see Note 16.g.7.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">In thousands, except the DI %</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 78%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notional amount &#8211; US$</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">65,523</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Result of hedging instruments &#8211; gain/(loss) &#8211; R$</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(87,448)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Fair value adjustment of inventories &#8211; R$</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18,468</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-style: italic; font-size: 10pt;">h.2 Cash flow hedge</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; color: #212121; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #212121;">The Company and its subsidiaries designate, as cash flow hedge </font><font style="color: #212121;">of firm commitment </font><font style="color: #212121;">and highly probable transactions, derivative financial instruments to </font><font style="color: #212121;">hedge</font><font style="color: #212121;"> firm commitments and non-derivative financial instruments to </font><font style="color: #212121;">hedge</font><font style="color: #212121;"> highly probable future transactions, to hedge against</font><font style="color: #212121;"> fluctuations</font><font style="color: #212121;"> </font><font style="color: #212121;">arising from </font><font style="color: #212121;">changes in </font><font style="color: #212121;">exchange rate.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #212121;">On </font><font style="color: #212121;">December</font><font style="color: #212121;"> 3</font><font style="color: #212121;">1</font><font style="color: #212121;">, 20</font><font style="color: #212121;">20</font><font style="color: #212121;">, </font><font style="color: #212121;">the notional amount of foreign exchange hedging instruments for highly probable future transactions designated as </font><font style="color: #212121;">cash flow</font><font style="color: #212121;"> hedge</font><font style="color: #212121;">, related to</font><font style="color: #212121;"> </font><font style="color: #212121;">notes in the foreign market </font><font style="color: #212121;">totaled US$ </font><font style="color: #212121;">468,215</font><font style="color: #212121;"> (US$ </font>550,000<font style="color: #212121;"> on December 31, 201</font><font style="color: #212121;">9</font><font style="color: #212121;">)</font><font style="color: #212121;">.</font><font style="color: #212121;"> </font>On <font style="color: #212121;">December</font> 31, 2020, t<font style="color: #212121;">he</font><font style="color: #212121;"> </font><font style="color: #212121;">unrealized </font><font style="color: #212121;">loss of</font><font style="color: #212121;"> </font><font style="color: #212121;">&#8220;</font><font style="color: #212121;">Other comprehensive income</font><font style="color: #212121;">&#8221;</font><font style="color: #212121;"> </font><font style="color: #212121;">is</font><font style="color: #212121;"> R$</font><font style="color: #212121;"> </font><font style="color: #212121;">315,403</font><font style="color: #212121;"> </font><font style="color: #212121;">(loss of R$ </font>293,277<font style="color: #212121;"> on December 31, 201</font><font style="color: #212121;">9</font><font style="color: #212121;">)</font><font style="color: #212121;">, net of deferred </font><font style="color: #212121;">IRPJ and CSLL</font><font style="color: #212121;">.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; color: #212121; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #212121;">On </font><font style="color: #212121;">December</font><font style="color: #212121;"> 3</font><font style="color: #212121;">1</font><font style="color: #212121;">, 20</font><font style="color: #212121;">20</font><font style="color: #212121;">, the notional amount of foreign exchange hedging instruments for highly probable future transactions designated as </font><font style="color: #212121;">cash flow</font><font style="color: #212121;"> hedge, related to</font><font style="color: #212121;"> </font><font style="color: #212121;">future sales revenues of </font><font style="color: #212121;">Oxiteno</font><font style="color: #212121;"> (zero cost collars) </font><font style="color: #212121;">have not been renewed and did not have balance</font><font style="color: #212121;"> (US$ </font>60,000<font style="color: #212121;"> on </font><font style="color: #212121;">December</font><font style="color: #212121;"> 31, 20</font><font style="color: #212121;">19</font><font style="color: #212121;">)</font><font style="color: #212121;"> or</font><font style="color: #212121;"> </font><font style="color: #212121;">loss </font><font style="color: #212121;">recognized in</font><font style="color: #212121;"> </font><font style="color: #212121;">&#8220;Other comprehensive income&#8221;</font><font style="color: #212121;"> (</font><font style="color: #212121;">loss</font><font style="color: #212121;"> of R$ </font><font style="color: #212121;">74</font><font style="color: #212121;"> on December 31, 201</font><font style="color: #212121;">9</font><font style="color: #212121;">)</font>.</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>126</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-style: italic; font-size: 10pt;">h.3 Net investment hedge in foreign entities</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; color: #212121; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #212121;">The Company and its subsidiaries designate, as net investment</font><font style="color: #212121;"> hedge </font><font style="color: #212121;">in foreign entities, </font><font style="color: #212121;">notes in the foreign market</font><font style="color: #212121;">,</font><font style="color: #212121;"> </font><font style="color: #212121;">for hedging net investment in foreign entities,</font><font style="color: #212121;"> </font><font style="color: #212121;">to offset </font><font style="color: #212121;">changes</font><font style="color: #212121;"> in exchange rates.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #212121;">On </font><font style="color: #212121;">December</font><font style="color: #212121;"> 3</font><font style="color: #212121;">1</font><font style="color: #212121;">, 20</font><font style="color: #212121;">20</font><font style="color: #212121;">, the balance of </font><font style="color: #212121;">foreign </font><font style="color: #212121;">exchange hedging instruments designated as net investments </font><font style="color: #212121;">hedge </font><font style="color: #212121;">in foreign entities, related to </font><font style="color: #212121;">part of </font><font style="color: #212121;">the investments made in entities </font><font style="color: #212121;">which</font><font style="color: #212121;"> functional </font><font style="color: #212121;">currency </font><font style="color: #212121;">is </font><font style="color: #212121;">other than the Brazilian Real, totaled US$ </font>95,000<font style="color: #212121;"> (US$ </font>95,000<font style="color: #212121;"> on December 31, 201</font><font style="color: #212121;">9</font><font style="color: #212121;">)</font><font style="color: #212121;">.</font>On December<font style="color: #212121;"> 3</font><font style="color: #212121;">1</font><font style="color: #212121;">, 20</font><font style="color: #212121;">20</font>, t<font style="color: #212121;">he</font><font style="color: #212121;"> unrealized </font><font style="color: #212121;">loss</font><font style="color: #212121;"> of &#8220;Other comprehensive income&#8221; is </font><font style="color: #212121;">R$ </font>73,108<font style="color: #212121;"> (l</font><font style="color: #212121;">oss of R$ </font>55,682<font style="color: #212121;"> on December 31, 201</font><font style="color: #212121;">9</font><font style="color: #212121;">)</font><font style="color: #212121;">, net of deferred income and social contribution taxes. The effects of exchange rate </font><font style="color: #212121;">changes</font><font style="color: #212121;"> on investments and hedg</font><font style="color: #212121;">ing</font><font style="color: #212121;"> instruments were offset in equity.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; color: #212121; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">i</font><font style="font-weight: bold; font-style: italic;">. Gains (losses) on </font><font style="font-weight: bold; font-style: italic;">h</font><font style="font-weight: bold; font-style: italic;">edging </font><font style="font-weight: bold; font-style: italic;">i</font><font style="font-weight: bold; font-style: italic;">nstruments</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 120px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Profit or loss</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Equity</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 78%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">a &#8211; Exchange rate derivates receivable in U.S. dollars (i) and (ii) and commodities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">497,210</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">b &#8211; Exchange rate derivates payable in U.S. dollars (ii)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(330,999)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">80</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">c &#8211; Interest rate swaps in R$ (iii)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">58,131</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">d &#8211; Non-derivative financial instruments (iv)</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(919,219)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(737,471)</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(694,877)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; background-color: #cceeff; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(737,391)</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Profit or loss</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Equity</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 78%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">a &#8211; Exchange rate derivates receivable in U.S. dollars (i) and (ii) and commodities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">230,000</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">b &#8211; Exchange rate derivates payable in U.S. dollars (ii)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,667)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(80)</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">c &#8211; Interest rate swaps in R$ (iii)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,035)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">d &#8211; Non-derivative financial instruments (iv)</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(262,098)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(348,959)</font></p>
</td>
</tr>
<tr style="height: 13.5pt; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(37,800)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(349,039)</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(i) Does not consider the effect of exchange rate variation of exchange Swaps receivable in U.S. dollars when this effect is offset in the gain or loss of the hedged item (debt/firm commitments).</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(ii) Considers the designation effect of foreign exchange hedging.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(iii) Considers the designation effect of interest rate hedging in Brazilian Reais; and</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(iv) Considers the results of notes in the foreign market (for further information see Note 16.b).</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">j. </font><font style="font-weight: bold; font-style: italic;">Fair </font><font style="font-weight: bold; font-style: italic;">v</font><font style="font-weight: bold; font-style: italic;">alue of </font><font style="font-weight: bold; font-style: italic;">f</font><font style="font-weight: bold; font-style: italic;">inancial </font><font style="font-weight: bold; font-style: italic;">i</font><font style="font-weight: bold; font-style: italic;">nstruments</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The fair values and the carrying values of the financial instruments, including currency and interest rate hedging instruments, are stated below:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 724px; width: 100%;" width="100%">

<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td colspan="3" style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Category</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Note</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Carrying <br>value</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Fair&nbsp;</font><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">value</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Carrying <br>value</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Fair&nbsp;</font><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">value</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial assets:</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash and cash equivalents</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 29px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff; width: 28%;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash and bank</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff; width: 28%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff; width: 6%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">405,081</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">405,081</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">284,992</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff; width: 8%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">284,992</font></p>
</td>
</tr>
<tr style="height: 41px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial investments in local currency</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,241,852</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,241,852</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,780,939</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,780,939</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial investments in foreign currency</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,561</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,561</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">49,448</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">49,448</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial investments:</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Fixed-income securities and funds in local currency</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,643,286</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,643,286</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,937,967</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,937,967</font></p>
</td>
</tr>
<tr style="height: 41px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Fixed-income securities and funds in local currency</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">31,315</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">31,315</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">595,816</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">595,816</font></p>
</td>
</tr>
<tr style="height: 29px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Fixed-income securities and funds in local currency</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75,251</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75,251</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">76,904</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">76,904</font></p>
</td>
</tr>
<tr style="height: 41px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Fixed-income securities and funds in foreign currency</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,278,940</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,278,940</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">303,417</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 41px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">303,417</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Currency and interest rate hedging and commodities instruments</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.b</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">981,874</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">981,874</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">682,615</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">682,615</font></p>
</td>
</tr>
<tr style="height: 29px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade Receivables</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,391,122</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,369,766</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,689,500</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,663,247</font></p>
</td>
</tr>
<tr style="height: 29px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reseller Financing</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.b</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">968,384</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">965,645</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">800,936</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">839,090</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,031,666</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,007,571</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,202,534</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,214,435</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial liabilities:</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financing</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,308,928</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,308,928</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,666,092</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,666,092</font></p>
</td>
</tr>
<tr style="height: 29px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financing</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">9,406,013</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,186,947</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,008,414</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,268,742</font></p>
</td>
</tr>
<tr style="height: 29px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debentures</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,450,751</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,363,621</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,657,339</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,603,669</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debentures</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,093,365</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,093,365</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,030,892</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,030,891</font></p>
</td>
</tr>
<tr style="height: 29px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,833,288</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,833,288</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,588,673</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,588,673</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Commodities, currency and interest rate hedging instruments</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16.a</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">117,159</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">117,159</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">29,985</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">29,985</font></p>
</td>
</tr>
<tr style="height: 29px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade payables</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">17</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,040,652</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,008,457</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,700,071</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,678,808</font></p>
</td>
</tr>
<tr style="height: 34px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Subscription warrants &#8211; indemnification</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">24</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">86,439</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">86,439</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">130,657</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">130,657</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Total</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23,336,595</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23,998,204</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18,812,123</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19,997,517</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>128</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The fair value of financial instruments, including currency and interest hedging instruments, was determined as follows:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 10.06pt; text-align: justify; padding-left: 4.14pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;">The fair value of cash and bank deposit balances are identical to their carrying values.</font></li>
</ul>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 10.06pt; text-align: justify; padding-left: 4.14pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial investments in investment funds are valued at the value of the fund unit as of the date of the financial statements, which corresponds to their fair value.</font></li>
</ul>
<p style="margin-top: 2pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 10.06pt; text-align: justify; padding-left: 4.14pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial investments in CDBs (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></li>
</ul>
<p style="margin-top: 2pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 10.06pt; text-align: justify; padding-left: 4.14pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;">The fair value of trade receivables and trade payables are approximate to their carrying values and the Company calculates its fair value through methodologies commonly used in the market.</font></li>
</ul>
<p style="margin-top: 2pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 10.06pt; text-align: justify; padding-left: 4.14pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;">The subscription warrants &#8211; indemnification was measured based on the share price of Ultrapar (UGPA3) at the financial statements 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 (see Note 24).</font></li>
</ul>
<p style="margin-top: 2pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 10.06pt; text-align: justify; padding-left: 4.14pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;">The fair value calculation of notes in the foreign market is based on the quoted price in an active market (see Note 16.b).</font></li>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The fair value of other financial investments, financing and leases payable was determined using calculation methodologies commonly used for mark-to-market reporting, which consist of calculating future cash flows associated with each instrument adopted and adjusting them to present value at the market rates as of the date of the financial statements. 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">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 realizable in the current market.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial instruments were classified as financial assets or 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 and financial investments that are classified as measured at fair value through other comprehensive income (see Note 4.b), (ii) loans and financing measured at fair value through profit or loss (see Note 16.a), (iii) guarantees to customers that have vendor arrangements (see Note 16.i), which are measured at fair value through profit or loss, and (iv) subscription warrants &#8211; indemnification, which are measured at fair value through profit or loss (see Note 24). Cash, banks, trade receivables and reseller financing are classified as measured at amortized cost. Trade payables, leases payable and other payables are classified as financial liabilities measured at amortized cost.</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>129</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">j.1 </font><font style="font-weight: bold; font-style: italic;">Fair </font><font style="font-weight: bold; font-style: italic;">v</font><font style="font-weight: bold; font-style: italic;">alue </font><font style="font-weight: bold; font-style: italic;">h</font><font style="font-weight: bold; font-style: italic;">ierarchy of </font><font style="font-weight: bold; font-style: italic;">f</font><font style="font-weight: bold; font-style: italic;">inancial </font><font style="font-weight: bold; font-style: italic;">i</font><font style="font-weight: bold; font-style: italic;">nstruments</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The financial instruments are classified in the following categories:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(a) Level 1 &#8211; prices negotiated (without adjustment) in active markets for identical assets or liabilities;</font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(b) Level 2 &#8211; 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></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-left: 14.2pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>130</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The table below shows the categories of the financial assets and financial liabilities:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 584px; width: 100%;" width="100%">

<tr style="height: 16px;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Category</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Note</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Level 1</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 16px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Level 2</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial assets:</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash and cash equivalents</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash and bank</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.a</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">405,081</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">405,081</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial investments in local currency</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.a</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,241,852</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,241,852</font></p>
</td>
</tr>
<tr style="height: 29px; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial investments in foreign currency</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.a</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,561</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">14,561</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial investments:</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 29px; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Fixed-income securities and funds in local currency</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.b</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,643,286</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,643,286</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Fixed-income securities and funds in local currency</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.b</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">31,315</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">31,315</font></p>
</td>
</tr>
<tr style="height: 29px; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Fixed-income securities and funds in local currency</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.b</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75,251</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">75,251</font></p>
</td>
</tr>
<tr style="height: 34px;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Fixed-income securities and funds in foreign currency</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.b</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,278,940</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">30,245</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,248,695</font></p>
</td>
</tr>
<tr style="height: 29px; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Currency and interest rate hedging and commodities instruments</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.b</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">981,874</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">981,874</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade Receivables</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.a</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,369,766</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,369,766</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reseller Financing</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.b</font></p>
</td>
<td style="width: 42.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">965,645</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">965,645</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Total</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13,007,571</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,093,173</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,914,398</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial liabilities:</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 29px;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financing</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16.a</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,308,928</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,308,928</font></p>
</td>
</tr>
<tr style="height: 29px; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financing</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16.a</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,186,947</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,049,976</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,136,971</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debentures</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16.a</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,363,621</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,363,621</font></p>
</td>
</tr>
<tr style="height: 29px; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debentures</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16.a</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,093,365</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,093,365</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,833,288</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,833,288</font></p>
</td>
</tr>
<tr style="height: 29px; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Commodities, currency and interest rate hedging instruments</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16.a</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">117,159</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">117,159</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade payables</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">17</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,008,457</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,008,457</font></p>
</td>
</tr>
<tr style="height: 29px; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Subscription warrants &#8211; indemnification <font style="vertical-align: super; font-size: 7pt;">(1)</font></font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">24</font></p>
</td>
<td style="width: 42.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">86,439</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 29px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">86,439</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Total</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23,998,204</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">8,049,976</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,948,228</font></p>
</td>
</tr>

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

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

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;"></font><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 12.75pt;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Category</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Note</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Level 1</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Level 2</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial assets:</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash and cash equivalents</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cash and bank</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.a</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">284,992</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">284,992</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 22.7pt;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial investments in local currency</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.a</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,780,939</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,780,939</font></p>
</td>
</tr>
<tr style="height: 22.7pt; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial investments in foreign currency</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.a</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">49,448</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">49,448</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial investments:</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 22.7pt; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Fixed-income securities and funds in local currency</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.b</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,937,967</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,937,967</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 22.7pt;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Fixed-income securities and funds in local currency</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.b</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">595,816</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">595,816</font></p>
</td>
</tr>
<tr style="height: 22.7pt; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Fixed-income securities and funds in local currency</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.b</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">76,904</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">76,904</font></p>
</td>
</tr>
<tr style="height: 22.7pt;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Fixed-income securities and funds in foreign currency</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through other comprehensive income</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.b</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">303,417</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">18,985</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">284,432</font></p>
</td>
</tr>
<tr style="height: 22.7pt; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Currency and interest rate hedging and commodities instruments</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.b</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">682,615</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">682,615</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade Receivables</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.a</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,663,247</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,663,247</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Reseller Financing</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.b</font></p>
</td>
<td style="width: 42.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">839,090</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">839,090</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Total</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">10,214,435</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,291,392</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,923,043</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financial liabilities:</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 22.7pt;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financing</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16.a</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,666,092</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,666,092</font></p>
</td>
</tr>
<tr style="height: 12.75pt; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Financing</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16.a</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">7,268,742</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,587,932</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,680,810</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debentures</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16.a</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,603,669</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,603,669</font></p>
</td>
</tr>
<tr style="height: 22.7pt; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Debentures</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16.a</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,030,891</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,030,891</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,588,673</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,588,673</font></p>
</td>
</tr>
<tr style="height: 22.7pt; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Commodities, currency and interest rate hedging instruments</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">16.a</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">29,985</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">29,985</font></p>
</td>
</tr>
<tr style="height: 12.75pt;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Trade payables</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at amortized cost</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">17</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,678,808</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,678,808</font></p>
</td>
</tr>
<tr style="height: 22.7pt; background-color: #cceeff;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-left: 10pt; margin-bottom: 0pt; text-indent: 0.4pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Subscription warrants &#8211; indemnification <font style="vertical-align: super; font-size: 7pt;">(1)</font></font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Measured at fair value through profit or loss</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">24</font></p>
</td>
<td style="width: 42.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">130,657</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">130,657</font></p>
</td>
</tr>
<tr style="height: 12.75pt; -aw-height-rule: exactly;">
<td style="width: 135.75pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Total</font></p>
</td>
<td style="width: 113.05pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 18pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">19,997,517</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4,587,932</font></p>
</td>
<td style="width: 1pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 42.2pt; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom-width: 2.8pt; border-bottom-style: double; border-bottom-color: #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">15,409,585</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="vertical-align: super;">&nbsp;</font><font style="font-size: 9pt;"><font style="vertical-align: super;"><font style="font-size: 7pt;">(1)</font> </font>Refers to subscription warrants issued by the Company in the Extrafarma acquisition.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The fair value of trade receivables and trade payables are classified as level 2.</font></p>
</div>
<p><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>132</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">k. </font><font style="font-weight: bold; font-style: italic;">Sensitivity </font><font style="font-weight: bold; font-style: italic;">a</font><font style="font-weight: bold; font-style: italic;">nalysis</font><font style="font-weight: bold; font-style: italic;"> of </font><font style="font-weight: bold; font-style: italic;">d</font><font style="font-weight: bold; font-style: italic;">erivative </font><font style="font-weight: bold; font-style: italic;">f</font><font style="font-weight: bold; font-style: italic;">inancial </font><font style="font-weight: bold; font-style: italic;">i</font><font style="font-weight: bold; font-style: italic;">nstruments</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; 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,&nbsp; the Company analyzes the hedging instrument and the hedged item together, as shown on the charts below.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">For the sensitivity analysis of foreign exchange hedging instruments as of December 31, 2020 and December 31, 2019, management adopted as a base scenario the Real/U.S. dollar exchange rates at maturity of each swap, projected by U.S dollar futures contracts quoted on B3. As a reference, the exchange rate for the last maturity of foreign exchange hedging instruments is R$ 8.23 (R$ 5.76 as of December 31, 2019) in the base scenario. Scenarios II and III were estimated with a 25% and 50% additional appreciation or depreciation of the Brazilian Real against the base scenario, according to the risk to which the hedged item is exposed.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Based on the balances of the hedging instruments and hedged items as of December 31, 2020 and December 31, 2019, the exchange rates were replaced, and the changes between the new balance in Brazilian Reais and the original 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 165px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; text-decoration: underline; font-size: 8pt;">Risk</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario I Base</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario II</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario III</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Currency swaps receivable in U.S. dollars</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1) U.S. Dollar / Real swaps</font></p>
</td>
<td rowspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dollar appreciation</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,013,826</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,522,343</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,030,860</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2) Debts / firm commitments in dollars</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,013,824)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,522,330)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,030,835)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">(</font><font style="font-weight: bold;">1)+(</font><font style="font-weight: bold;">2)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">13</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Currency swaps payable in U.S. dollars</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3) Real / U.S. Dollar swaps</font></p>
</td>
<td rowspan="2" style="padding-right: 3pt; padding-left: 3pt; height: 34px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dollar devaluation</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">59</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">17,877</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35,694</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4) Gross margin of Oxiteno/Ipiranga</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(59)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(17,877)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(35,694)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 35%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">(</font><font style="font-weight: bold;">3)+(</font><font style="font-weight: bold;">4)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 25%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; width: 2%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px; border-bottom: 2.8pt double #000000; width: 12%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>

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

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>133</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 219px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; text-decoration: underline; font-size: 8pt;">Risk</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario I Base</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario II</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario III</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Currency swaps receivable in U.S. dollars</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1) U.S. Dollar / Real swaps</font></p>
</td>
<td rowspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dollar appreciation</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">700,499</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,668,202</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,635,905</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2) Debts / firm commitments in dollars</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(700,465)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,668,031)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,635,596)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">(</font><font style="font-weight: bold;">1)+(</font><font style="font-weight: bold;">2)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">34</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">172</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">309</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Currency swaps payable in U.S. dollars</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(3) Real / U.S. Dollar swaps</font></p>
</td>
<td rowspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: top; height: 34px;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dollar devaluation</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">376</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">62,559</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">124,742</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4) Gross margin of Oxiteno</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(376)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(62,559)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(124,742)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">(</font><font style="font-weight: bold;">3)+(</font><font style="font-weight: bold;">4)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>
<tr style="height: 18px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Options</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(5) Options Real / U.S. Dollar swaps</font></p>
</td>
<td rowspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: top; height: 34px;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dollar devaluation</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">42,101</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">102,917</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(6) Gross margin of Oxiteno</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(42,101)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(102,917)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 35%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">(</font><font style="font-weight: bold;">5)+(</font><font style="font-weight: bold;">6)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 25%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; width: 12%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; width: 12%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; width: 12%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">For sensitivity analysis of hedging instruments for interest rates in Brazilian Reais as of December 31, 2020 and December 31, 2019, the Company used the futures curve of the DI x Pre contract quoted on B3 as of December 31, 2020 for each of the swap and debt (hedged item) maturities, to determine the base scenario. Scenarios II and III were estimated based on a 25% and 50% deterioration, respectively, of the base scenario pre-fixed interest rate.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Based on the three scenarios of interest rates in Brazilian Reais, the Company estimated the values of its debt and hedging instruments according to the risk which is being hedged (variations in the pre-fixed interest rates in Brazilian Reais), by projecting them to future value at the contracted rates and bringing them to present value at the interest rates of the estimated scenarios. The results are shown in the table below:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 79px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; text-decoration: underline; font-size: 8pt;">Risk</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario I Base</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario II</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario III</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Interest rate swap (Real) &#8211; Debentures - CRA</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding: 0px 4px 0px 15px; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1) Fixed rate swap - DI</font></p>
</td>
<td rowspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: top; height: 34px;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Decrease in Pre-fixed <br>rate</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(39,412)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(230,705)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(187,597)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 4px 0px 15px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2) Fixed rate debt</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">39,412</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">230,705</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">187,597</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding: 0px 4px 0px 15px; vertical-align: bottom; width: 35%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">(</font><font style="font-weight: bold;">1)+(</font><font style="font-weight: bold;">2)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 25%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; width: 12%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; width: 12%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; width: 12%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 79px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; text-decoration: underline; font-size: 8pt;">Risk</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario I Base</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario II</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario III</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Interest rate swap (Real) &#8211; Debentures - CRA</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="padding: 0px 4px 0px 15px; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1) Fixed rate swap - DI</font></p>
</td>
<td rowspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: top; height: 34px;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Decrease in Pre-fixed <br>rate</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(195,123)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(137,260)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(74,027)</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding: 0px 4px 0px 15px; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2) Fixed rate debt</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">195,123</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">137,260</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">74,027</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding: 0px 4px 0px 15px; vertical-align: bottom; width: 35%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">(</font><font style="font-weight: bold;">1)+(</font><font style="font-weight: bold;">2)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 25%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; width: 12%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; width: 12%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; border-bottom: 2.8pt double #000000; width: 12%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>

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

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>134</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;"></font><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">For the sensitivity analysis of the commodity price swings hedging instruments on December 31, 2020 and December 31, 2019, 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Based on the balances of the hedging instruments and the objects hedged on December 31, 2020 and December 31, 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 65px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2020</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; text-decoration: underline; font-size: 8pt;">Risk</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario I Base</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario II</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario III</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">NDF Commodities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px 0px 15px; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1) NDF Commodities</font></p>
</td>
<td rowspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Decrease in <br>Commodities Price</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">551,794</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,103,589</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px 0px 15px; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2) Gross margin from Ipiranga</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(551,794)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,103,589)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding: 0px 4px 0px 15px; vertical-align: bottom; width: 35%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">(</font><font style="font-weight: bold;">1)+(</font><font style="font-weight: bold;">2)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 25%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 12%; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 12%; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 12%; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="margin-left: 0.1pt; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 65px; width: 100%;" width="100%">

<tr style="height: 10px;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">12/31/2019</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; text-decoration: underline; font-size: 8pt;">Risk</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario I Base</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario II</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt; text-align: right;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Scenario III</font></p>
</td>
</tr>
<tr style="height: 17px; background-color: #cceeff;">
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">NDF Commodities</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-top: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="padding: 0px 4px 0px 15px; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1) NDF Commodities</font></p>
</td>
<td rowspan="2" style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 20px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Decrease in <br>Commodities Price</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">100,542</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,490,893</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,881,245</font></p>
</td>
</tr>
<tr style="height: 10px; background-color: #cceeff;">
<td style="padding: 0px 4px 0px 15px; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2) Gross margin from Ipiranga</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(100,542)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(1,490,893)</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="border-bottom: 0.75pt solid #000000; padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; background-color: #cceeff; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(2,881,245)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="padding: 0px 4px 0px 15px; vertical-align: bottom; width: 35%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">(</font><font style="font-weight: bold;">1)+(</font><font style="font-weight: bold;">2)</font></font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 25%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net effect</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 12%; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 12%; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 2%; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="padding-right: 3pt; padding-left: 3pt; vertical-align: bottom; width: 12%; border-bottom: 2.8pt double #000000; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></p>
</td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; font-size: 11pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<h1 style="margin-top: 12pt; margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">34. Commitments (Consolidated)</font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">a. </font><font style="font-weight: bold; font-style: italic;">Contracts</font><font style="font-weight: bold; font-style: italic;">&nbsp;</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">a.1</font><font style="font-weight: bold;"> </font>Subsidiary Tequimar has agreements with CODEBA, with the Complexo Industrial Portu&#225;rio Governador Eraldo Gueiros and with the company Empresa Maranhense de Administra&#231;&#227;o Portu&#225;ria, in connection with its port facilities in Aratu, Suape and Itaqui, respectively. Such agreements establish a minimum cargo movement of products, as shown below:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 80%; margin-left: auto; margin-right: auto; height: 105px;" width="80%">

<tr style="height: 10px;">
<td style="width: 86.2pt; padding-right: 2.15pt; vertical-align: bottom; text-align: center; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Port</font></p>
</td>
<td style="width: 159.9pt; padding-right: 2.15pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Minimum movement per year</font></p>
</td>
<td style="width: 100.95pt; padding-right: 2.15pt; vertical-align: bottom; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Maturity</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="width: 86.2pt; padding-right: 2.15pt; vertical-align: bottom; background-color: #cceeff; text-align: center; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Aratu</font></p>
</td>
<td style="width: 159.9pt; padding-right: 2.15pt; vertical-align: bottom; background-color: #cceeff; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">900,000 ton.</font></p>
</td>
<td style="width: 100.95pt; padding-right: 2.15pt; vertical-align: bottom; background-color: #cceeff; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2022</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="width: 86.2pt; padding-right: 2.15pt; vertical-align: bottom; text-align: center; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Suape</font></p>
</td>
<td style="width: 159.9pt; padding-right: 2.15pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">250,000 ton.</font></p>
</td>
<td style="width: 100.95pt; padding-right: 2.15pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2027</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="width: 86.2pt; padding-right: 2.15pt; vertical-align: bottom; background-color: #cceeff; text-align: center; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Suape</font></p>
</td>
<td style="width: 159.9pt; padding-right: 2.15pt; vertical-align: bottom; background-color: #cceeff; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">400,000 ton.</font></p>
</td>
<td style="width: 100.95pt; padding-right: 2.15pt; vertical-align: bottom; background-color: #cceeff; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2029</font></p>
</td>
</tr>
<tr style="height: 19px;">
<td style="width: 86.2pt; padding-right: 2.15pt; vertical-align: bottom; text-align: center; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Aratu</font></p>
</td>
<td style="width: 159.9pt; padding-right: 2.15pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">397,000 ton.</font></p>
</td>
<td style="width: 100.95pt; padding-right: 2.15pt; vertical-align: bottom; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2031</font></p>
</td>
</tr>
<tr style="height: 19px; background-color: #cceeff;">
<td style="width: 86.2pt; padding-right: 2.15pt; vertical-align: bottom; background-color: #cceeff; text-align: center; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Itaqui</font></p>
</td>
<td style="width: 159.9pt; padding-right: 2.15pt; vertical-align: bottom; background-color: #cceeff; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,222,377 m&#179;</font></p>
</td>
<td style="width: 100.95pt; padding-right: 2.15pt; vertical-align: bottom; background-color: #cceeff; height: 19px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2049</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">If the annual movement is less than the minimum contractual movement, the subsidiary is liable to pay the difference between the effective movement and the minimum contractual movement, based on the port tariff rates in effect on the date established for payment. As of December 31, 2020, these rates were R$ 8.37 and R$ 2.67 per ton for Aratu and Suape, respectively and R$ 0.78 per m&#179; for Itaqui. According to contractual conditions and tolerances, there are not material pending issues regarding the minimum purchase limitsof the contract.</font></p>
</div>
<p><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>135</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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="margin: 0 auto; /* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<div style="margin: 0 auto;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;"><br></font></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<div style="margin: 0 auto;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><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'>136</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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="margin: 0 auto;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;"><br></font></i></font></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">a.2</font><font style="font-weight: bold;"> </font>Subsidiary Oxiteno S.A. has a supply agreement with Braskem S.A. which establishes and regulates the conditions for the supply of ethylene to Oxiteno based on the international market for this product. These contracts establish a minimum commitment to according to the table below: </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 80%; margin-left: auto; margin-right: auto;" width="80%">

<tr style="height: 11.95pt;">
<td style="width: 81.95pt; padding-right: 2.15pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Plant</font></p>
</td>
<td style="width: 165.1pt; padding-right: 2.15pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Minimum purchase (tons) per year</font></p>
</td>
<td style="width: 95.95pt; padding-right: 2.15pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Maturity</font></p>
</td>
</tr>
<tr style="height: 12.7pt; background-color: #cceeff;">
<td style="width: 81.95pt; padding-right: 2.15pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Cama&#231;ari</font></p>
</td>
<td style="width: 165.1pt; padding-right: 2.15pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">205,000</font></p>
</td>
<td style="width: 95.95pt; padding-right: 2.15pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2021</font></p>
</td>
</tr>
<tr style="height: 12.3pt;">
<td style="width: 81.95pt; padding-right: 2.15pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Mau&#225;</font></p>
</td>
<td style="width: 165.1pt; padding-right: 2.15pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">44,100</font></p>
</td>
<td style="width: 95.95pt; padding-right: 2.15pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2023</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Should the minimum purchase commitment not be met, the subsidiary would be liable for a fine based on the current ethylene price for the quantity not purchased. According to contractual conditions and tolerances, there are no material issues regarding the minimum purchase commitment.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">b. </font><font style="font-weight: bold; font-style: italic;">Insurance </font><font style="font-weight: bold; font-style: italic;">c</font><font style="font-weight: bold; font-style: italic;">overage</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Company is supported by insurance policies with the objective of covering several risks to which it is exposed, including loss of profits, losses and damage from fire, lightning, explosion of any kind, gale, aircraft crash, electric damage, and other risks, covering the industrial plants and distribution bases and branches of all subsidiaries. The maximum compensation values based on the risk analysis of certain locations are shown below:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; 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%">

<tr style="height: 11.35pt;">
<td style="width: 56.7pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 165.3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: center;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">Maximum compensation value (*)</font></p>
</td>
<td style="width: 203.25pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 8pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="width: 56.7pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Oxiteno</font></p>
</td>
<td style="width: 165.3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: right;"><font style="font-family: 'times new roman', times; font-size: 10pt;">US$ 1,142</font></p>
</td>
<td style="width: 203.25pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(equivalent to R$ 5,935 million as of 12/31/2020)</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="width: 56.7pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ipiranga</font></p>
</td>
<td style="width: 165.3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 1,530</font></p>
</td>
<td style="width: 203.25pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="width: 56.7pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultracargo</font></p>
</td>
<td style="width: 165.3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 1,000</font></p>
</td>
<td style="width: 203.25pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 11.35pt;">
<td style="width: 56.7pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultragaz</font></p>
</td>
<td style="width: 165.3pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 272</font></p>
</td>
<td style="width: 203.25pt; vertical-align: bottom;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 11.35pt; background-color: #cceeff;">
<td style="width: 56.7pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Extrafarma</font></p>
</td>
<td style="width: 165.3pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: right; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ 160</font></p>
</td>
<td style="width: 203.25pt; vertical-align: bottom; background-color: #cceeff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(*) In millions. In accordance with policy conditions.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The General Liability Insurance program covers the Company and its subsidiaries with a maximum aggregate coverage of US$ 250 million (equivalent to R$ 1,299 million as of December 31, 2020), against losses caused to third parties as a result of accidents related to commercial and industrial operations and/or distribution and sale of products and services.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Company maintains liability insurance policies for directors and executive officers to indemnify the members of the Board of Directors, fiscal council, directors and executive officers of Ultrapar and its subsidiaries (&#8220;Insured&#8221;) in the total amount of US$ 80 million (equivalent to R$ 416 million as of December 31, 2020), which cover any of the Insured liabilities resulting from wrongful acts, including any act or omission committed or attempted, except if the act, omission or the claim is consequence of gross negligence or willful misconduct.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In addition, group life and personal accident, health and national and international transportation, cyber risks and other insurance policies are also maintained.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The coverage and limit of the insurance policies are based on a careful study of risks and losses conducted by independent insurance advisors. The type of insurance is considered by management to be sufficient to cover potential losses based on the nature of the business conducted by the companies.</font></p>
</div>
</div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>137</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar<font>&nbsp;</font>Participa&#231;&#245;es<font>&nbsp;</font>S.A. and Subsidiaries</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Notes to the Parent&#8217;s Separate and Consolidated Financial Statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-size: 10pt;"><i><font style="font-family: 'times new roman', times;">(In thousands of Brazilian<font>&nbsp;</font>Reais, unless otherwise stated)</font></i></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font lang="PT-BR" style="font-size: 10pt; font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-style: italic; font-size: 10pt;">c. Area port lease</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">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; (not reviewed) located at the port of Cabedelo, in the state of Para&#237;ba, and one area with minimum storage capacity of 66 thousand m&#179; (not reviewed) at the port of Vit&#243;ria, in the state of Esp&#237;rito Santo, which will be designated for handling, storage and distribution of fuels. These concessions were carried out by two consortiums of which IPP holds one third of the total participation. For the port of Cabedelo, the companies Nordeste Log&#237;stica I, Nordeste Log&#237;stica II and Nordeste Log&#237;stica III were incorporated, in partnership with Ra&#237;zen Combust&#237;vel S.A. and Petrobr&#225;s Distribuidora S.A. For the port of Vit&#243;ria, the company Navegantes was incorporated, in partnership with Ra&#237;zen Combust&#237;vel S.A. and Petrobr&#225;s Distribuidora S.A. The total investments regarding IPP&#8217;s stake sums up to R$160 million (not reviewed) for a concession term of 25 years.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">On April 5, 2019, Company, through its subsidiary IPP and Tequimar, also won three concessions. IPP won two concessions in the port of Miramar, in Bel&#233;m, state of Par&#225;: (i) area BEL02A, through a consortium 50% owned by IPP,that shall have minimum storage capacity of 41 thousand m&#179;, and (ii) area BEL04, which is currently operated by IPP with minimum storage capacity of 23 thousand m&#179;. Such areas will be operated for at least 15 years, according to the auction notice. For the area BEL02A, Latitude was incorporated, together with Petr&#243;leo Sabb&#225; S.A.. Tequimar won the concession of area VDC12 in the port of Vila do Conde, in Barcarena, state of Par&#225;. The minimum storage capacity will be 59 thousand m&#179;. The area will be operated by Tequimar for at least 25 years, according to the auction notice. For the area VDC12, Tequimar Vila do Conde Log&#237;stica Portu&#225;ria S.A. was incorporated (see Note 3.b). The estimated investments regarding the participation of IPP and Tequimar sums up to R$ 450 million, approximately, to be disbursed throughout the next five years including the auction grants and the minimum investment required for these areas.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<h1 style="margin-bottom: 0pt; page-break-inside: avoid; page-break-after: avoid; font-size: 12pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">35. Subsequent events</font></h1>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-style: italic; font-size: 10pt;">a. Clarifications on the cyber incident</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Company suffered on January 11, 2021 a cyber incident of the type ransomware in its information technology environment.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;">As a precautionary measure, the Company interrupted its systems, partially affecting, for a short period of time, the operations of its subsidiaries. Immediately, all security and control measures were adopted to remedy the situation and as of January 14, 2021 the operational systems of the Company and its subsidiaries began to be gradually restored, with caution and security, according with the priority and relevance of each affected process. Until the issuance of these financial statements, all the critical information systems of the Company and its subsidiaries are in full operation.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;">During the ongoing investigations, the Company identified the unauthorized copy and disclosure of certain data and is investiganting the amount of exfiltrated and/or disclosed information, as well as the existence of impacts to its businesses and third parties, in order to adopt the appropriate measures.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;">According to the assessment made to this date, the Company does not expect material effects on its results due to this incident. The Company has a specific insurance policy for cyber incidents, which has already been duly activated.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-weight: bold; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-weight: bold; font-style: italic; font-size: 10pt;">b.</font> <font style="font-family: 'times new roman', times; font-weight: bold; font-style: italic; font-size: 10pt;">Issuance of Extrafarma subscription bonus shares</font></font><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="font-weight: bold; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-weight: bold; font-style: italic; font-size: 10pt;"><br></font></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-size: 10pt;"><font style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;">On February 24, 2021, the Company&#8217;s Board of Directors confirmed the issuance of 70,939 common shares within the authorized capital limit provided by art. 6 of the Company's Bylaws, due to the partial exercise of the rights conferred by the subscription warrants (see note 25) issued by the Company when the merger of all Extrafarma</font></font><font style="margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-size: 10pt;"> shares by the Company, approved by the extraordinary general meeting of the Company held in January 31, 2014. The share capital of the Company will therefore be represented by 1,115,076,651 common shares, all of which are registered and without par value.</font></font><font style="font-weight: bold; margin: 0pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-weight: bold; font-style: italic; font-size: 10pt;"><br></font></font></font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno"><font class='pageno'>138</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><a style="text-decoration: none; color: rgb(0, 0, 0); cursor: default; outline: none;" href="#" name="B123_7LK1N8DUYO00000000000000000000" class="customBookmark"><font style="font-family: &quot;times new roman&quot;, times; font-weight: bold; font-size: 10pt;">ANNUAL REPORT OF THE AUDIT AND RISK COMMITTEE</font></a></div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-weight: bold; font-size: 10pt;">&nbsp;</font><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">THE COMMITTEE'S DUTIES</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">The Ultrapar Audit and Risk Committee is a permanent statutory advisory body directly linked to the Board of Directors, with operational independence and own budget, and subject to applicable laws and regulations, in particular the Regulation of the Novo Mercado segment of B3 S.A. - Brasil, Bolsa, Balc&#227;o, the Company's Bylaws and its Internal Regulations. </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">According to the Bylaws, the Committee aims to assist the Board of Directors in overseeing (1) the integrity and quality of the Company's financial statements, (2) the Company's compliance with the legal and regulatory requirements, (3) the qualifications and independence of the independent auditor, (4) the performance of the functions of the Company's internal audit and independent auditors, and (5) the Company's risk management.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">The Ultrapar Audit and Risks Committee currently has three independent members of the Board of Directors and one independent external member, who is the Committee Coordinator.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">The Committee provides its opinion on the hiring and dismissal of independent auditors and advises the Board of Directors in the supervision of its activities, qualifications and independence, evaluating and previously approving the provision of services permitted by law that are not related to the audit. KPMG Auditores Independentes is the company currently responsible for the annual audit of the financial statements, their quarterly reviews and the assessment of the structure of internal controls applicable to the preparation of the financial statements in order to comply with the rules of the Brazilian Securities Commission (CVM - Comiss&#227;o de Valores Imobili&#225;rios) and B3 &#8211; Brasil, Bolsa, Balc&#227;o, in Brazil,&nbsp; and the SEC - Security Exchange Commission and NYSE - New York Stock Exchange, in the United States of America, including in relation to compliance with the requirements of the Sarbanes-Oxley Act. The Committee is responsible for reviewing, together with the independent auditors, the quality and integrity of the financial statements, and reporting the relevant issues to the Board of Directors.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">The Committee is responsible for following-up the activities of the Risk, Compliance and Audit Executive Board, evaluating its structure, procedures and effectiveness of the internal audit. The Committee shall review, together with the Board of Directors, its performance and any recommendations for improving the Company's procedures.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">In addition, the Audit and Risk Committee monitors the risk exposures identified by the Company&#8217;s Executive Board, under the terms of the Corporate Risk Management Policy, issuing the opinion on any review of the content and advising the Board of Directors in the definition of the acceptable levels of risks. </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">The Committee shall also ensure that the Company has specific means for receiving and confidentially handling information and complaints about non-compliance with legal provisions, code of conduct and other internal regulations applied to its employees and other stakeholders.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Quarterly, on an ordinary basis and extraordinarily whenever necessary, the Audit and Risk Committee attends a joint meeting with the Board of Directors, and reports the progress of their works. The Committee activity report is prepared annually and sent to the Board of Directors and disclosed by the Company to the market. At each term of office, the Committee self-assesses its performance, and its is presented to the Board of Directors. &nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%;">

<tr>
<td class="pgno" style=" padding: 0px; text-align: center;"><font style=" font-size: 10pt;" class="pageno"><font class='pageno'>139</font></font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">During the last twelve years, by virtue of the pandemic that devastated the country, the Audit and Risk Committee met fourteen times. During this period, the Committee was granted free access to all of the Company's governance bodies, as well as to all of its officers, and, whenever necessary, the representatives of KPMG Auditores Independentes were requested to attend their meetings.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-weight: bold; font-size: 10pt;">THE COMMITTEE&#8217;S ACTIVITIES</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-weight: bold; font-size: 10pt;">COVID-19</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Notice on the implementation of the Crisis Committee.</font></li>
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Information on the adoption of the measures relating to the health of persons and maintenance of the Company&#8217;s operations.</font></li>
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Analysis of scenarios and potential impacts on the Company&#8217;s businesses and corporate finance.</font></li>
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Information on the social actions directed to fight against the pandemic.</font></li>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-weight: bold; font-size: 10pt;">Independent Auditors</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Discussion and recommendation on the fees of independent auditors </font></li>
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Verification of the qualification and independency of the external auditors.</font></li>
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Analysis and approval of the annual planning of the audit works and authorizations of the additional services not conflicting with the audit.</font></li>
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Periodical work reviews and meetings with the independent auditors.</font></li>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-weight: bold; font-size: 10pt;">Financial statements</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-weight: bold; font-size: 10pt;">Monitoring the environment of internal controls for the preparation of financial statements, together with external and internal audits</font></li>
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><font style="font-weight: bold;">Analysis of the letter on internal controls issued by </font><font style="font-weight: bold;">KPMG </font><font style="font-weight: bold;">Auditores</font><font style="font-weight: bold;"> </font><font style="font-weight: bold;">Independentes</font><font style="font-weight: bold;"> with recommendations for improvements and discussion with management about the action plans to address the identified issues</font></font></li>
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Assessment of the adequacy of accounting practices and estimates used in the preparation of the Company's financial statements </font></li>
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-weight: bold; font-size: 10pt;">Analysis and discussion of the tax, civil and labor litigation of the Company and its subsidiaries</font></li>
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Presentation and analysis of the financial projections adopted by the Company&#8217;s management for identification of any necessary impairment of assets and tax reimbursement. </font></li>
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><font style="font-weight: bold;">Quarterly reviews of the interim financial statements together with the Company's management and independent auditors</font><font style="font-weight: bold;"> </font></font></li>
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><font style="font-weight: bold;">Review of the audited annual financial statements, management report and independent auditors' report, with the presence of representatives of the Company and </font><font style="font-weight: bold;">KPMG </font><font style="font-weight: bold;">Auditores</font><font style="font-weight: bold;"> </font><font style="font-weight: bold;">Independentes</font><font style="font-weight: bold;"> for the presentation and discussion of comments and analyses on the main audit matters and other issues that are relevant for the quality and integrity of said financial statements</font></font></li>
</ul>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%;">

<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 class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Report and analysis on the main issues covered by the 20F form submitted to SEC.</font></li>
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Presentation of the annual integrated report, prepared based on the GRI.</font></li>
</ul>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-weight: bold; font-size: 10pt;">Internal Audit</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Assessment and approval of the annual planning of the internal audit.</font></li>
</ul>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Monitoring of the findings in connection with the internal audit and possible action plans to address the recommendations.</font></li>
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Monitoring of internal control tests for SOX certification.</font></li>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-weight: bold; font-size: 10pt;">Integrated Risk Management </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 24.26pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Analysis of the updates of the Systemic Risk Matrix, periodically prepared by the Company&#8217;s business areas.</font></li>
<li style="margin-left: 24.26pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Restructuring and new proposal of the Risk Matrix, focused on the more relevant risks, as well as simplification and analysis of the matrix.</font></li>
<li style="margin-left: 24.26pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Review of the Corporate Financial Risk Management Policy and its forwarding to the Board of Directors for approval.</font></li>
<li style="margin-left: 24.26pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Monitoring of the cyber-attack in the Company&#8217;s systems and the respective measures adopted by management.</font></li>
</ul>
<p style="margin-top: 0pt; margin-left: 32.2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><font style="font-weight: bold;">Co</font><font style="font-weight: bold;">mpliance</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 24.26pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Follow-up of the number, distribution and types of complaints received by the Ultra Complaint Channel (Canal Aberto Ultra) </font></li>
<li style="margin-left: 24.26pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Analysis and discussion on the results of investigations of complaints and measures taken to address the identified issues</font></li>
<li style="margin-left: 24.26pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Monitoring of the Company&#8217;s Conformity Program and the training offered to employees and stakeholders.</font></li>
<li style="margin-left: 24.26pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Review and submission of the Corporate Policy of Conflict of Interests and Related-party Transactions to the Board of Directors for approval.</font></li>
<li style="margin-left: 24.26pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Analysis of the Corporate Policy under the General Data Protection Law.</font></li>
</ul>
<p style="margin-top: 0pt; margin-left: 32.2pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-weight: bold; font-size: 10pt;">Governance</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-weight: bold; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Preparation of the schedule and agenda of the Committee&#8217;s activities. </font></li>
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Preparation and approval of the Committee's annual budget</font></li>
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Analysis of the changes in the Reference Form and Governance Report submitted to CVM.</font></li>
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Presentation of quarterly reports on the Board of Directors&#8217; activities.</font></li>
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Preparation and submission of the Audit and Risk Committee Report to the Board of Directors.</font></li>
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Self-evaluation of the Audit and Risk Committee by the members.</font></li>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%;">

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

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-weight: bold; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-weight: bold; font-size: 10pt;">CONCLUSION OF THE REPORT</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Considering the responsibilities of the Audit and Risks Committee, described in the Company's Bylaws and in the Committee's Internal Regulations, with the natural restrictions of the scope of its performance in the activities that are carried out, the Committee provides its opinion below:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 28.06pt; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">The information provided by the management and KPMG Auditores Independentes was adequate based on this Committee&#8217;s recommendations, and no conflicts were identified between the staffs or loss of independency of the auditors;</font></li>
<li style="margin-left: 28.06pt; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">The coverage and quality of the internal audit work is adequate and was conducted with proper independency;</font></li>
<li style="margin-left: 28.06pt; text-align: justify; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">The internal controls, conformity policies and integrated risk management are compliant with the Company&#8217;s structure, size and complexity;</font></li>
</ul>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Based on the work and analyses carried out and the unqualified report of KPMG Auditores Independentes, the Audit and Risk Committee recommends the Board of Directors submits for approval of the Shareholders&#8217; Meeting the Management Report and the Financial Statements of Ultrapar S.A. for the year ended as of December 31, 2020.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Sao Paulo, February 23, 2021</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-style: italic; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Flavio Cesar Maia Luz</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-style: italic; font-size: 10pt;">Audit and Risk Committee&#8217;s Coordinator </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Ana Paula Vitali Janes Vescovi</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Joaquim Pedro Monteiro de Carvalho Collor de Mello</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;">Jos&#233; Maur&#237;cio Pereira Coelho</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><font style="font-style: italic;">Audit and Risk Committee&#8217;s Members</font><font style="font-style: italic;">.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 10pt;"><font style="font-style: italic;"><br></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"></p>
<div>
<table style="width: 100%;">

<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>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style=" page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<br>
<p></p>
</div><div style="font-family: 'times new roman', times; font-size: 10pt; /* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<div style="-aw-different-first-page: true; -aw-headerfooter-type: header-primary; clear: both;">
<p style="margin-top: 0pt; margin-right: 18pt; margin-bottom: 0pt; font-size: 10pt;"><font style="width: 216pt; display: inline-block; font-family: 'times new roman', times; font-size: 10pt;"><img src="img2m315oqtpsh04331373.jpg" alt="Graphics"></font></p>
</div>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="width: 511.75pt; border-bottom: 2.25pt solid #051272; padding: 0px 4px; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold; color: #051272;">M</font><font style="font-weight: bold; color: #051272;">essage from the Management 2020</font></font></p>
</td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2020, our businesses began the year on a promising note, driven by the positive macroeconomic outlook in Brazil. However, from March, the novel coronavirus pandemic brought severe consequences for the global economy, strongly affecting Brazil. In addition to the economic impacts, precautionary measures of social distancing and restrictions on personal mobility accelerated the tendency towards structural changes, among them remote working and virtual interconnectivity among people.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 107%; font-size: 10pt;"><font style="font-family: Arial;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">We were quick to adapt our operations at the first signs of the pandemic, allowing us to continue our role as a provider of essential products and services to the society, with no interruptions or discontinuity. We supported our resellers and partners, took care of our employees&#8217; health and safety, maintained our financial soundness, and contributed to the national effort of providing a social safety net on different fronts. Crowning this endeavor and dedication, in 2020 we reported good results and took important steps to accelerate growth and value creation for the Company in the future.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 107%; font-size: 10pt;"><font style="font-family: Arial;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In order to help curbing the effects of the pandemic, we dedicated approximately R$ 37 million to social initiatives, including the construction of hospitals, donations of basic baskets of goods, meals, hospital equipment, LPG, and other materials, in addition to items of hygiene.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 107%; font-size: 10pt;"><font style="font-family: Arial;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In light of the uncertainties caused by the pandemic in the first few months and to ensure a continued high level of liquidity, we adopted a process of greater selectivity in our investments, raised new lines of financing and negotiated more elastic payment terms with our suppliers. On the other side, we worked with our partners and clients, negotiating measures to ease pressures on their working capital, thus contributing to ensure the integrity and continuity of the value chains we are part of.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 107%; font-size: 10pt;"><font style="font-family: Arial;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The year 2020 underscored the resilience of our business portfolio, with growing results at all our businesses with the exception of Ipiranga, which the activity was directly impacted by social distancing measures and restrictions on mobility.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 107%; font-size: 10pt;"><font style="font-family: Arial;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The net revenue amounted to R$ 81.2 billion, 9% less than 2019, and was directly affected by the pandemic. Despite this, the Company recorded an EBITDA of R$ 3.5 billion, or 4.3% EBITDA margin, representing an improved margin compared with the 3.1% in 2019. Net income increased from R$ 403 million in 2019 to R$ 928 million in 2020, R$ 480 million of which will be distributed via dividends to the shareholders. The operational cash generation (after investments) was a record, totaling R$ 2.1 billion and contributing to the gradual reduction in our financial leverage. We closed the year with a cash position of R$ 8.7 billion and duration of our debt standing at 4.6 years.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 107%; font-size: 10pt;"><font style="font-family: Arial;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Detailing the performance of our businesses, beginning with Ultragaz, we were able to report record results in 2020 based on demand growth for LPG for residential consumption and initiatives adopted for reducing costs and expenses. The company continues to invest in expanding its footprint in the North and the Northeast regions of the country, in the development of new digital channels with clients and resellers, and in the development of new LPG applications for corporate use, thereby opening up new markets and growth fronts.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 107%; font-size: 10pt;"><font style="font-family: Arial;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultracargo was also able to report record results with the expansions concluded at the port terminals of Santos and Itaqui, as well as gains in productivity and efficiency. The company continued investing to expand capacity and capillarity at domestic ports throughout Brazil, including a new terminal in Vila do Conde (PA), providing greater level of competitiveness in the North region. Optimization in the execution of investment projects, both in timeframe and cost, has been key to allow growing cash generation and return on invested capital.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 107%; font-size: 10pt;"><font style="font-family: Arial;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Oxiteno reported a year of robust growth in results, driven by the increase in demand for specialty chemicals, mainly in the home &amp; personal care and crop solutions segments. Currency devaluation also helped to improve results since many of the company&#8217;s products remain referenced to international prices. Additionally, the company optimized its cost structure and increased its operational efficiency, further ramping up capacity utilization at its plant in the United States together with its penetration in that market. </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 107%; font-size: 10pt;"><font style="font-family: Arial;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ipiranga was the business most affected by the pandemic, like other companies in the sector, due to the strong retraction in demand for fuels, most notably in the second quarter. Strong price volatility throughout the year also contributed to a pressure on margins at both distributors and service station networks nationwide. In face of these challenges, the company took firm measures to reduce costs and expenses, as well as in the management of working capital and in the selectivity of investments, measures that helped to compensate a large portion of the reduction in revenues and to generate a solid operational cash flow. It is important to highlight Ipiranga&#8217;s leading role in offering support mechanisms to its resellers during the most critical phase of the pandemic. Not only did this contribute to ensuring uninterrupted fuel supplies to the population, but it also served to strengthen the bond with its network.</font></p>
<p style="margin: 0pt 0pt 10pt;"><img src="imgm4dj5n2qado04331374.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"><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;"><br></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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 ontents</a></div>
</div>
<br>
<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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">MANAGEMENT REPORT 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgr3xzjhckz1504331374.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 107%; font-size: 10pt;"><font style="font-family: Arial;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Still in the context of Ipiranga, AmPm concluded a comprehensive project for reviewing its business model, involving the repositioning of the brand, a revision of the product sales mix, new store layout and the development of sales through digital channels. In addition to the traditional franchise model, AmPm began to manage 55 company-operated stores during the year, with promising initial results.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Extrafarma was also directly affected by the pandemic with some of its drugstores (in shopping centers, about 7% of the network) closed or with restricted opening hours for a large part of the year. Despite this, the company registered record results in the second half, thanks to greater selectivity in expansion, a more rigorous process of closing underperforming units, investments in logistics and IT and gains in productivity and management of expenses. Private label products and sales through digital channels presented significant progress in 2020, with good prospects for the future.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Finally, in July we created a new company in the digital payments and electronic retailing segment combining the &#8220;<font style="font-style: italic;">abastece</font><font style="font-style: italic;"> </font><font style="font-style: italic;">a&#237;</font>&#8221; (&#8220;fill up here&#8221;) app and the loyalty program &#8220;<font style="font-style: italic;">Km de </font><font style="font-style: italic;">Vantagens</font>&#8221; (Km of Advantages Program), the largest one in the country. This initiative is designed to accelerate the capture of value of these platforms and expansion in the services provided, with the potential for creating a digital ecosystem of sizeable proportions and capillarity. Since August, when the new app was launched, more than 2.3 million digital accounts have been created with the total number of transactions processed surpassing R$ 3.5 billion, demonstrating rapid consumer acceptance, as well as the growth potential of the business.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">We are beginning 2021 well positioned for the future. On one hand, we believe our strategic orientation of prioritizing the capital allocation to the downstream value chain of the oil &amp; gas sector leaves us in a good position to explore opportunities arising from the opening up of the refining market to the private sector, as well as the expansion of the natural gas chain in Brazil. On the other hand, we have improved our management and governance model, with the businesses increasing their accountability for results, a greater integration between the Executive Board and Board of Directors, and greater agility and soundness in the decision-making process. And finally, we continue to dedicate efforts to strengthening our pipeline of business leaders, the foundation for sustaining growth and the continuing value creation for the Company.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Our investment plan for 2021 totals R$ 1.9 billion and exceeds the amounts invested in the past two years, with expansion projects being concentrated on Ipiranga, Ultragaz and Ultracargo. Acquisitions that may occur are not taken into consideration in this plan and will represent additional investments.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Finally, we have intensified our attention and dedication of resources to themes related to ESG. In 2020, we developed our materiality matrix, approved our Sustainability Policy, and published our first Integrated Report following the GRI guidelines. In 2021, the ESG front will boosted by the creation of the Sustainability and Corporate Affairs executive position. This will accelerate and integrate the efforts and actions of the various businesses of the Group in a unified and objective agenda with enhanced visibility, also including clearly defined and disseminated targets.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">We would like to thank all our stakeholders for their trust and support. A special thanks goes to all our employees, both those on the front line as well as those working remotely from home, for their tireless dedication and solid commitment with our purpose, which is to create value for the society by investing in companies that are sustainable and essential for people&#8217;s lives.</font></p>
<p style="margin-top: 8pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; line-height: 115%; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #ff0000; 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%">

<tr style="height: 14.95pt;">
<td style="width: 212.2pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Pedro Wongtschowski</font></p>
</td>
<td style="width: 212.25pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Frederico Fleury Curado</font></p>
</td>
</tr>
<tr>
<td style="width: 212.2pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Chairman of the Board of Directors</font></p>
</td>
<td style="width: 212.25pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Chief Executive Officer</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-style: italic; font-size: 10pt;">&nbsp;</font><font style="font-family: 'times new roman', times; font-style: italic; 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">2</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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 ontents</a></div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 7pt;"><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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">MANAGEMENT REPORT 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgdamxefqdur104331374.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-style: italic; font-size: 10pt;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="width: 511.75pt; border-bottom: 2.25pt solid #051272; padding: 0px 4px; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold; color: #051272;">Company </font><font style="font-weight: bold; color: #051272;">p</font><font style="font-weight: bold; color: #051272;">rofile</font></font></p>
</td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&#8217;s origins goes back to 1937 when Ernesto Igel founded Ultragaz, a company which pioneered the use of Liquified Petroleum Gas (LPG) as cooking gas. Since then, Ultrapar has grown and expanded its markets transforming into one of the largest corporate groups in Brazil. Today, the businesses of the Ultra Group occupy an outstanding position in all their respective segments of activity: the Oil &amp; Gas sector through Ipiranga, UItragaz and Ultracargo, specialty chemicals through Oxiteno and retail pharmacy with Extrafarma.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Since 1999, Ultrapar&#8217;s shares have traded under an ADR Level III program on the New York Stock Exchange &#8211; NYSE, and on the S&#227;o Paulo Stock Exchange, B3 S.A. Since 2011, the Company&#8217;s shares have been listed on B3&#8217;s Novo Mercado segment. </font></p>
<p style="margin-top: 12pt; margin-bottom: 6pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #0070c0; font-size: 10pt;">Ultragaz</font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">A pioneer and leader in the domestic market for LPG distribution, it is a reference in innovation and in the constant development of applications for the use of the product. It also has a modern research and development laboratory for special gases, a segment in which it also has a leadership position.</font></p>
<p style="margin-top: 12pt; margin-bottom: 6pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #0070c0; font-size: 10pt;">Ultracargo</font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The largest private company of liquid bulk storage in Brazil, it is present in strategic locations in the Northeast, Southeast and South with six port terminals. In 2022, it is scheduled to begin operations at the new terminal in the port of Vila do Conde, Par&#225; state, expanding its geographic spread to the North region of the country. </font></p>
<p style="margin-top: 12pt; margin-bottom: 6pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #0070c0; font-size: 10pt;">Oxiteno</font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">A leader in the production of surfactants and specialty chemicals in Latin America with about 20% of the ethoxylation capacity in the Americas, it has eleven industrial units: six in Brazil, three in Mexico, one in the United States and one in Uruguay. Oxiteno also has commercial offices in Argentina, Belgium, China and Colombia and research and development centers in Brazil, Mexico, and the USA.</font></p>
<p style="margin-top: 12pt; margin-bottom: 6pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #0070c0; font-size: 10pt;">Ipiranga</font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">One of the largest fuels and lubricant distribution companies in the country, incorporating a network of more than 7 thousand service stations, each one of them increasingly more complete and digitized, in addition to the largest convenience store franchise, the AmPm network with 1.8 thousand stores. </font></p>
<p style="margin-top: 12pt; margin-bottom: 6pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #0070c0; font-size: 10pt;">Extrafarma</font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Retail pharmacy network with its origins in the North region of Brazil, today with a presence in ten Brazilian states with 405 drugstores and four distribution centers. </font></p>
<p style="margin-top: 12pt; margin-bottom: 6pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic; color: #0070c0;">abastece</font><font style="font-weight: bold; font-style: italic; color: #0070c0;"> </font><font style="font-weight: bold; font-style: italic; color: #0070c0;">a&#237;</font></font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">A digital payments company established in 2020 to leverage the benefits of the Km de Vantagens (Km of Advantages Program) and the abastece a&#237; (&#8220;fill up here&#8221;) app. Consists in the development of an ecosystem of advantages and benefits to the clients, focused on car drivers. More than 2.3 million abastece a&#237; digital accounts were created in 2020.</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">3</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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 ontents</a></div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">MANAGEMENT REPORT 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgnnm3abvh0zi04331374.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="width: 511.75pt; border-bottom: 2.25pt solid #051272; padding: 0px 4px; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; color: #051272;">COVID-19</font></p>
</td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Since the outset of the coronavirus pandemic, Ultrapar and its subsidiaries have been operating on multiple fronts to ensure the health and safety of its employees and partners, the stability and continuity of its operations and the financial soundness of the Company.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The home working regime was immediately adopted for employees in administrative functions with all the necessary support for maintaining activities. In addition to the basic concerns as to the safety of our employees, the Company adopted various initiatives focused on wellbeing with live broadcasts on the issues, psychological support and matters involving ergonomics, all in line with our principle of valuing people.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Through a multi-disciplinary committee, we have structured a plan for the gradual return to the office and resumption of normal working activities for administrative areas, adjusting work areas through the introduction of numerous preventive measures and the intensification of cleaning and safety protocols according to the guidelines of state and municipal governments and health entities.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">During the year, the Company contributed to the nationwide drive to tackle the crisis, also benefiting the communities located around our businesses. In all approximately R$ 37 million was allocated for combatting the pandemic and its consequences.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Ultra Group is part of the<font style="font-style: italic;"> </font><font style="font-style: italic;">Salvando</font><font style="font-style: italic;"> </font><font style="font-style: italic;">Vidas</font> (Saving Lives) matchfunding initiative in partnership with the Brazilian Development Bank - BNDES, which supported the largest philanthropic network of hospitals in Brazil and responding for more than 50% of attendances in the National Health Service SUS. The Group also donated 10 thousand basic baskets of goods to the state government of S&#227;o Paulo, distributing them to vulnerable families throughout the state.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ultragaz</font> supported the building of a field hospital in the city of S&#227;o Paulo as well as supplying LGP to other field hospitals in the states of S&#227;o Paulo and Bahia. It also donated 8 thousand LGP gas bottles, 6 thousand basic baskets of goods and 650 thousand bars of biodegradable soap to communities in the states of Bahia, Cear&#225;, Mato Grosso do Sul, Rio de Janeiro, and S&#227;o Paulo. Together with the Ministry of Health and with the participation of resellers, the company distributed informational fliers on how to prevent coronavirus in 57 municipalities, impacting about 10 million people.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ultracargo</font> lent its support to the <font style="font-style: italic;">Pernambuco </font><font style="font-style: italic;">Solid&#225;rio</font> (solidarity) campaign against COVID-19 and run by the Associa&#231;&#227;o Incubadora Porto Social and the state government as well as donating hospital equipment and beds in the states of Maranh&#227;o and Par&#225;. The Company also donated 3 thousand basic baskets of goods to the communities in the vicinity of its six port terminals.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Oxiteno</font><font style="font-weight: bold;"> </font>supported initiatives in Brazil, Uruguay, and the United States, including donations for the acquisition of basic baskets of goods for distribution to low income families living around its industrial plants.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ipiranga</font> was part of a corporate initiative for building a new hospital in the city of Porto Alegre (RS), in addition to support for the construction of a field hospital in Rio de Janeiro (RJ). Among other donations, it supplied fuel to field hospitals and movements for distributing alcohol gel sanitizer to government health departments and hospitals. As well as meals to truckers in different parts of the country. Through the <font style="font-style: italic;">abastece</font><font style="font-style: italic;"> </font><font style="font-style: italic;">a&#237;</font> app, it offered a discount of 10% on each purchase from the pumps made by professionals in the health sector at service stations in the network.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Extrafarma</font> donated 80 thousand masks and gloves to the state government of Par&#225; and 60 thousand items of hygiene and to ten institutions in the states of Par&#225;, Pernambuco, Bahia and Cear&#225;.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ult</font><font style="font-weight: bold;">ragaz</font>, <font style="font-weight: bold;">Ultracargo</font> and <font style="font-weight: bold;">Oxiteno</font> also participated in a collective initiative at the Cama&#231;ari Petrochemical Complex (BA), which delivered respirators to the government of Bahia, and jointly <font style="font-weight: bold;">Ultracargo</font> and <font style="font-weight: bold;">Extrafarma</font> donated 90 thousand protective masks and gloves to the state government of Maranh&#227;o. </font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno">4</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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 ontents</a></div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">MANAGEMENT REPORT 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgacmuym2dk0b04331374.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; 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%">

<tr style="height: 7.1pt;">
<td style="width: 511.75pt; border-bottom: 2.25pt solid #051272; padding: 0px 4px; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold; color: #051272;">In</font><font style="font-weight: bold; color: #051272;">novation</font></font></p>
</td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Ultra Group companies have their own processes and structure for innovation directed towards their chosen markets. To foster the exchange of experiences and ideas as well as to encourage and recognize the main initiatives of innovation, the Group has an Innovation Committee with representatives from all the businesses, thus making for an agile and dynamic transversal vision of the theme in the organization. This committee is headed up by an Ultrapar executive officer, a measure of the importance with which innovation is viewed and facilitating communication and guidance of activities at a senior management level. In 2020, 113 initiatives were cataloged and shared in committee discussions.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Structured in 2020, Ultra Venture Capital is part of the innovative environment of the Ultra Group, investing in promising companies able to self-leverage or involved in activities complementary to those of the Company, in addition to supporting the mapping and sharing of startups and new technologies. The fund is expected to invest up to R$ 150 million over the course of five years.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ultragaz</font> accelerated digitization and multi channeling with the launch of a new self-service portal for clients in the corporate segment and new digital sales channels in the residential segment, such as the Ultragaz app with a series of functions providing a better experience for the clients and reseller partners. The company continues to focus on innovation and has expanded the development and the proposal of new solutions which add value and are user-friendly for clients both in the bulk and residential segments, of particular note being the initial testing of a lighter LPG bottle, ensuring improved ergonomic qualities when handled. To stimulate new ideas in the organization, Ultragaz works actively with open innovation initiatives, together with universities, technological partners and startup hubs, feeding the innovation ecosystem and promoting the ownership spirit. As an example, the company held the Ultragaz Open Innovation Challenge in 2020, an initiative with the aim of challenging junior companies throughout the country to develop innovative solutions which will help small businesses recover from the current scenario of crisis. The winning group was hired by Ultragaz to support the structuring and development of the solution proposed in the challenge.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2020, <font style="font-weight: bold;">Ultracargo</font><font style="font-weight: bold;"> </font>launched Conecta, a digital transformation project. It provides a new way of looking at the architecture of systems and processes with a view to achieving superior levels of operational efficiency. In the construction underway at the new Vila do Conde port terminal in Barcarena (PA), the company will have the benefit of automated transfer systems, the result of an innovative initiative, guaranteeing greater safety and operational efficiency.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">At <font style="font-weight: bold;">Oxiteno</font>, the digital transformation was leveraged through the creation of XLab, a collaborative space projected for creating more favorable interactions and exchange of ideas. Using the design thinking approach and state of the art technologies, such as artificial intelligence, robotization and data analysis, solutions have been developed for optimizing company processes, for identifying new business opportunities and improving the client experience. Oxiteno&#8217;s focus is on the development of new solutions in co-creation with clients, always with the idea of combining high performance with reduction in environmental impacts. In 2020, the company also invested in open innovation projects, in conjunction with universities, startups, and partner companies, being they clients or suppliers. The company has a robust portfolio of R&amp;D projects, most notable of these in 2020 being: (i) the creation of new research fronts with the aim of leveraging existing markets and introducing Oxiteno to new markets; (ii) the execution of projects with startups; (iii) the creation of a sustainability roadmap for incorporating this concept in the management of innovation and R&amp;D projects; and (iv) the preparation of a structured process for the products launch plan, thereby enhancing agility. During the year, 48 products were developed and launched. </font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Since 2019 through the Turbo innovation hub<font style="font-weight: bold;">, </font><font style="font-weight: bold;">Ipiranga</font><font style="font-weight: bold;"> </font>fosters an innovative culture among its employees and reinforces the positioning of the company as an innovative brand in the market. Currently, the hub has a base of more than 1,300 startups mapped according to the themes in which Ipiranga has an interest such as Mobility, Energy, Retailing, Logistics and Efficiency. In 2020, Turbo trained more than 120 employees in agile methods and organized talks with professionals, experts in their fields, on current and inspirational themes for fostering the dissemination of innovation in the organization and to accelerate the development of those initiatives in the work in progress category.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">E</font><font style="font-weight: bold;">xtrafarma </font>also accelerated the digitization process with the launch of the delivery<font style="font-style: italic;"> </font>service via WhatsApp as well as<font style="font-weight: bold;"> </font>e-commerce (sales via the internet). The digital channels are expected to contribute to an expansion in sales and are in line with the current strategy, contributing to enhanced returns from the existing network. In 2020, one more step in the process of personalization was taken with the launch of the personalized discount coupon at all the drugstores as part of the drive to increase average ticket and customer loyalty. Extrafarma also launched the expansion of its own Be Better private label, launching a new line of basic care and vitamin products. As part of the process of expanding the offer of pharmaceutical services to customers, Extrafarma entered a partnership with the largest vaccination clinic in Par&#225;, with the rollout of a vaccination room adjacent to a drugstore. Again in 2020, all checkout and counter systems were replaced, giving a better purchasing experience and higher productivity at the points of sale.</font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; break-inside: avoid; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Shared Services Center (CSC) also launched its connection program with startups<font style="font-style: italic;"><font>&nbsp;</font></font>in 2020, with challenges for solving the needs in the areas of Accounting, Fiscal, IT and Treasury.</font></p>
<p style="margin: 0px; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; break-inside: avoid; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" 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 ontents</a></div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">MANAGEMENT REPORT 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgp1t2xdajfro04331374.jpg" alt="Graphics"></td>
</tr>

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

<tr style="height: 7.1pt;">
<td style="width: 511.75pt; border-bottom: 2.25pt solid #051272; padding: 0px 4px; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold; color: #051272;">ESG</font><font style="font-weight: bold; color: #051272;"> </font><font style="font-weight: bold; color: #051272;">p</font><font style="font-weight: bold; color: #051272;">erformance</font><font style="font-weight: bold; color: #051272;"> </font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 6pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #0070c0;">S</font><font style="font-weight: bold; color: #0070c0;">ustainability</font><font style="font-weight: bold; color: #0070c0;"> management</font></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2020, the sustainability agenda was given an even greater importance in the Group, with the members of the Board of Directors and the Executive Board periodically monitoring and managing this theme. During the year, the Company undertook a reevaluation of the materiality assessment, which looks at the most critical sustainability themes for the Group. The review sought to guarantee the alignment between the material themes, the long-term strategic business plan, and the commitment to the sustainable development goals of the United Nations Organization.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Some of the themes were grouped together and others renamed, which will facilitate monitoring progress. There are eight materiality themes:</font></p>
<ul type="disc" style="margin-left: 30pt; padding-left: 0pt;">
<li style="margin-top: 6pt; margin-left: 9.14pt; text-align: justify; page-break-inside: avoid; line-height: 115%; padding-left: 8.86pt; font-family: serif; font-size: 9pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;">Energy transition</font></li>
<li style="margin-left: 9.14pt; text-align: justify; page-break-inside: avoid; line-height: 115%; padding-left: 8.86pt; font-family: serif; font-size: 9pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;">Eco-efficient operations</font></li>
<li style="margin-left: 9.14pt; text-align: justify; page-break-inside: avoid; line-height: 115%; padding-left: 8.86pt; font-family: serif; font-size: 9pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ethics and integrity</font></li>
<li style="margin-left: 9.14pt; text-align: justify; page-break-inside: avoid; line-height: 115%; padding-left: 8.86pt; font-family: serif; font-size: 9pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;">Data privacy</font></li>
<li style="margin-left: 9.14pt; text-align: justify; page-break-inside: avoid; line-height: 115%; padding-left: 8.86pt; font-family: serif; font-size: 9pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;">Culture of innovation, inclusion and excellence</font></li>
<li style="margin-left: 9.14pt; text-align: justify; page-break-inside: avoid; line-height: 115%; padding-left: 8.86pt; font-family: serif; font-size: 9pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;">Health and safety</font></li>
<li style="margin-left: 9.14pt; text-align: justify; page-break-inside: avoid; line-height: 115%; padding-left: 8.86pt; font-family: serif; font-size: 9pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;">Relations with the local community</font></li>
<li style="margin-left: 9.14pt; margin-bottom: 6pt; text-align: justify; page-break-inside: avoid; line-height: 115%; padding-left: 8.86pt; font-family: serif; font-size: 9pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;">Value chain</font></li>
</ul>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Currently, the Ultra Group is working on the definition of the goals to be reached by 2030 for each material theme. Task forces with representatives from all the businesses were set up, contributing to the definition of the monitoring indicators and the action plans for achieving the goals.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">To underscore the commitment to accountability and transparency, as from the third quarter 2020, the quarterly earnings releases disclosed to the market are now including a specific section on the main highlights and updates relating to Ultra Group&#8217;s environmental, social and governance (ESG) performance.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">At the same time, the management of sustainability at each one of the businesses also saw progress. <font style="font-weight: bold;">Ultracargo</font>, <font style="font-weight: bold;">Ipiranga</font> and <font style="font-weight: bold;">Extrafarma</font> concluded their materiality assessments in 2020. <font style="font-weight: bold;">Ipiranga</font> also launched its sustainability strategy and policy during the year. <font style="font-weight: bold;">Oxiteno</font> continued the actions enshrined in the sustainability plan of 2030, launched in 2019, and <font style="font-weight: bold;">Ultragaz</font> updated its materiality assessment.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #0070c0;">Energy </font><font style="font-weight: bold; color: #0070c0;">t</font><font style="font-weight: bold; color: #0070c0;">ransi</font><font style="font-weight: bold; color: #0070c0;">tion</font></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #0070c0;"><br></font></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The challenges related to climate change have been driving movements in the direction of a decarbonized economy, through gains in productivity and efficiency and the gradual substitution of fossil for renewable sources in the production and consumption of energy. With a perspective which considers risks and opportunities, Ultra Group tracks the energy transition theme closely, especially in the light of its significant activities along the oil &amp; gas chain.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">While over the short term, there are opportunities for continued investments in the sector with the potential for creating value and benefits along the entire chain, the Company has included in its strategic plan potential changes over the medium and long-term in respect to the transition of the Brazilian and world energy mix. LGP is less polluting than fuels that are traditionally used for domestic cooking and, therefore, contributes to a more sustainable energy mix. The Ultra Group has structural competitive advantages in its three current businesses in the oil &amp; gas chain &#8211; Ipiranga, Ultragaz and Ultracargo, and is participating in Petrobras&#8217; program for divesting refining assets. These are all mature businesses and generators of cash with the capacity to finance their entry into and growth of investments in the energy transition, such as natural gas, or in adjacent businesses not dependent on fossil fuels, such as convenience stores.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Since 2014, the Ultra Group has taken part in the &#8220;Disclosure, Insight, Action&#8221; program of the Carbon Disclosure Project (CDP) and in 2020, maintained a B score for the climate change theme. The Ultra Group&#8217;s performance was higher than the average for South America and the average score for the oil &amp; gas retailing sector, both being classified with a D score. The program questionnaire is aligned to the guidelines of the Task Force on Climate-related Financial<font style="font-style: italic;"> </font>Disclosure (TFCD). Additionally, since 2012, the Group has been a component of the Carbon Efficient Index (ICO2 B3), which encourages emitting companies to measure, disclose and monitor their greenhouse gas (GHG) emissions in readiness for conducting their activities in a low carbon economy.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" 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 ontents</a></div>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">MANAGEMENT REPORT 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgcxnixjbm30k04331374.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">As part of its existing business, <font style="font-weight: bold;">Ipiranga</font> already distributes ethanol and bio-diesel (biofuels of renewable origin) and has rapid charging points for electric vehicles at network service stations along the President Dutra highway between S&#227;o Paulo (SP) and Rio de Janeiro (RJ), the Bandeirantes highway and city based service stations, for example. Ipiranga&#8217;s ambition is to be a key player prepared to provide its customers with the fuels of their choice. The challenges related to climate change and the energy transition are an integral part of the company&#8217;s strategic plan. In 2020, the company began the acquisition of 2.9 million CBIOs, relative to its commitment to achieving the targets under the Ministry of Mines and Energy&#8217;s Renovabio program, the National Biofuels Policy for promoting a greater consumption of renewable fuels. <font style="font-weight: bold;">Ultracargo</font>, with port terminals operating on a multi-purpose concept, has the capacity to store and handle alternative fuels to petroleum derivatives.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The businesses have structural processes for managing greenhouse gas emissions due to their activities and to structure actions for reducing and mitigating them whenever is possible. For example, <font style="font-weight: bold;">Ultragaz</font> has already established a target for reducing scope 1 emissions (direct) in relation to their historic performance. <font style="font-weight: bold;">Oxiteno</font>, which due to its industrial activities has a higher volume of scope 1 emissions among the businesses<font style="font-weight: bold;">, </font>prioritizes a continuous improvement in equipment to fulfill the commitment in its sustainability plan of reducing by 25% the intensity of emissions per ton produced by 2030. <font style="font-weight: bold;">Ipiranga</font><font style="font-weight: bold;"> </font>has maintained the Carbon Zero program since 2007, through which it monitors performance and implements strategies for reducing and compensating emissions. In order to do so, the company acquires carbon credits from projects which support the conservation of the Amazon rainforest and the development of local communities, totally compensating its scopes 1 and 2 emissions.</font></p>
</div><div style="font-family: 'times new roman', times; font-size: 10pt; /* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #0070c0; font-size: 10pt;">Eco-efficient operations</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #0070c0; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The commitment with eco-efficiency translates into initiatives for optimizing electric energy consumption, fuels and hydric resources, reduction and correct disposal of waste from the operations and preventive actions for avoiding contamination of the air, water, soil, and biodiversity. Besides the direct environmental gains, eco-efficiency can also generate opportunities for reducing costs and increasing productivity. &nbsp;</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Energ</font><font style="font-weight: bold;">y</font></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;"><br></font></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Currently, <font style="font-weight: bold;">Ultra</font><font style="font-weight: bold;"> Group</font>&#8217;s<font style="font-weight: bold;"> </font>head office in S&#227;o Paulo (SP), Ipiranga&#8217;s head office and the building adjacent to it in Rio de Janeiro (RJ), the S&#227;o Caetano (SP) base, the Paul&#237;nia (SP) pool of <font style="font-weight: bold;">Ipiranga</font> and 7 of <font style="font-weight: bold;">Ultragaz</font>&#8217;s<font style="font-weight: bold;"> </font>filling bases are supplied through the free energy market. <font style="font-weight: bold;">Ultracargo</font>&#8217;s Itaqui (MA) and Aratu (BA) port terminals and <font style="font-weight: bold;">Extrafarma</font>&#8217;s Aquiraz (CE) and Benevides (PA) distribution centers also tapped the free energy market in 2020. In the case of <font style="font-weight: bold;">Ultracargo</font>, all the energy is acquired from renewable sources and there are plans afoot for the migration of the other terminals such as the Santos terminal, supplies from which are expected to begin in the first half of 2021.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Oxiteno</font>, which has a target to reduce its energy consumption by 10% before 2030, in 2019 began the operation of its new substation at the Cama&#231;ari (BA) unit, to improving the plant&#8217;s energy efficiency, and in addition to it, the substation has the potential to generate financial gains, since it makes it possible to expand its performance in the free energy market.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ipiranga</font><font style="font-weight: bold;"> </font>has a partnership with GDSolar for the construction and operation of five solar energy plants for reducing electric energy costs at its service stations and franchises and for increasing the participation of renewable sources in its energy matrix. More than 50 thousand MWh/year is expected to be generated as from April 2021, enough energy to supply approximately 300 of the network&#8217;s service stations. The initiative would represent annual savings of more than R$ 70 million for the participating network.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">At <font style="font-weight: bold;">Extrafarma</font>, two bio-gas plants went into service in the states of Maranh&#227;o and Pernambuco, ensuring the supply of renewable energy to 85 drugstores. In 2021, two solar energy plants will be unveiled in the states of Par&#225; and Cear&#225;, for supplying about 200 stores. The company is committed to supplying 90% of its drugstores from renewable energy resources with all distribution centers operating with energy supplied from the free energy market by 2025.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Water</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2020, Ultra Group answered the Carbon Disclosure Project&#8217;s (CDP) questionnaire on water security and scored B, the same as South America as a whole and specifically, the oil &amp; gas sector.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ultragaz </font>has established a target for reducing water consumption based on the result for 2019. At present, 90% of the water used for washing LPG gas bottles is reused. The project for the new bottling base under construction in Par&#225; involves plans to evaluate rainwater capture.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ultracargo </font>has<font style="font-weight: bold;"> </font>implemented a system of water reuse for hydrostatic tests at the Vila do Conde (PA) terminal under construction permitting an important reduction in consumption. In addition, the terminal includes a system for rainwater capture and reuse, this also to be incorporated in the expansion of the Itaqui (MA) terminal.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">MANAGEMENT REPORT 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="img3glgr22w0nx04331374.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Oxiteno</font> is committed to reducing water consumption by 10% and doubling reuse by 2030. In 2020, <font style="font-weight: bold;">Extrafarma </font>cut average water consumption by 20% at each drugstore. The company has also committed to working towards between 70% and 80% of its stores keeping their water consumption to within the minimum bands established by the water utilities by 2025.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Waste and effluent</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ultragaz</font> completed the requalification of more than 2.4 million LPG bottles in 2020, exceeding its target for the year. <font style="font-weight: bold;">Ultracargo</font> has reduced the use of wood with partial substitution for reusable metallic materials on the Vila do Conde (PA) terminal. In addition, the project also contemplates the optimization of emissions and effluent treatment.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Oxiteno</font> has undertaken the revitalization of effluent systems at the industrial units in Brazil, paving the way for routine inspections and preventive maintenance for the operational control and management of contamination of soil and groundwaters. <font style="font-weight: bold;">Ipiranga</font> has management processes in place for avoiding leakages or losses of liquid fuel and inflammatory products at the distribution bases, during transportation of the product and at the resellers&#8217; service stations.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Extrafarma</font> began to work on the structuring of waste collection centers, for screening, segregation and disposal of waste and will also be involved in a reverse logistics project with expired or unused medicines and covering pharmaceutical retailing and manufacturers.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #0070c0;">Ethics and </font><font style="font-weight: bold; color: #0070c0;">i</font><font style="font-weight: bold; color: #0070c0;">ntegrity</font></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #0070c0;"><br></font></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Ultra Group remains committed to the highest standards of ethics and integrity. Its guidelines are enshrined in the Code of Ethics and in specific corporate policies such as the Anticorruption Policy, the Anti-trust Policy and the Conflicts of Interest Policy and Transactions with Related Parties.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">All the initiatives connected to ethics and integrity are included in the Ethics and Compliance Program managed by the Risks, Compliance and Audit department and applied to all the businesses. The results of the program are monitored directly by the Conduct Committee.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2020, the first Ethics and Compliance Program report was published together with the second diagnosis for evaluating the maturity of the compliance culture among teams, with more than a thousand employees participating. The Ultra Group&#8217;s consolidated classification was the Initial Proactive profile in accordance with the Hearts and Minds<font style="font-style: italic;"> </font>assessment, attesting to a high degree of adherence to the culture of compliance and proactivity at all levels of the Company.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">On the training front, instruction was given to reinforce the guidelines in the Code of Ethics, anti-corruption, anti-trust, and conflict of interests. In the context of these themes, training, and campaigns for raising awareness are extended to business partners particularly in the Ipiranga network and to resellers at Ultragaz, given their responsibility for direct contact with the end customer. More than 15 thousand reputational investigations were carried out for supporting the engagement of suppliers, service providers and business partners as well as the continuing monitoring of eventual transactions with related parties.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #0070c0; font-size: 10pt;">Data privacy</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #0070c0; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2020, the Ultra Group concentrated its efforts ensuring that its processes are adjusted to the General Data Protection Law (GDPR). The law was sanctioned in September and establishes rules for guaranteeing the correct treatment of personal data by companies and other entities.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In November 2020, the Board of Directors approved the Personal Data Protection and Privacy Corporate Policy, which provides for the structuring of the privacy program and the creation of a personal data protection committee that respond to the Ultrapar&#8217;s executive board and for monitoring the theme. It is worth pointing out that the Ultra Group already has an Information Security Policy in place since 2017.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The theme has also seen advances at all businesses with work being conducted: (i) on the development and updating of related policies, (ii) on the structuring of specific areas and governance flow for monitoring questions on privacy and protection of data, (iii) on the adequacy of software and IT systems, (iv) on the inclusion of clauses in supply and services agreements, and (v) on the training of the teams, among other actions.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #0070c0;">Cultur</font><font style="font-weight: bold; color: #0070c0;">e of innovation, </font><font style="font-weight: bold; color: #0070c0;">inclusion</font><font style="font-weight: bold; color: #0070c0;"> and</font><font style="font-weight: bold; color: #0070c0;"> </font><font style="font-weight: bold; color: #0070c0;">excellence</font><font style="font-weight: bold; color: #0070c0;"> </font></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #0070c0;"><br></font></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Ultra Group believes that a culture based on the precepts of innovation, inclusion and excellence is core to the longevity of its businesses. In addition to initiatives which seek to attract, engage, train, and retain talents, the Company seeks to form high performance professionals that are able to work in an environment and organizational culture that places great value on transparency, equity, diversity, and inclusion. The consolidated turnover of the Ultra Group was 21.8% in 2020, less than the result for 2019, when the ratio stood at 24.4%. The Ultra Group concluded the year with 15.9 thousand employees.</font></p>
<p style="margin-top: 6pt; text-align: justify; page-break-inside: avoid; font-size: 9pt;"><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">8</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">MANAGEMENT REPORT 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imglvfw33yqs4j04331374.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 10pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; font-size: 9pt;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold; font-size: 10pt;">Employees</font><font style="font-weight: bold; font-size: 10pt;"><br></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;"><br></font></p>
<table border="0" cellpadding="0" cellspacing="0" width="80%" style="height: 220px; border-collapse: collapse; width: 80%; font-family: 'times new roman'; font-size: 10pt; margin-left: auto; margin-right: auto;">

<tr style="height: 24px;">
<td colspan="6" height="33" style="height: 24px; width: 690px; padding: 0px; color: #ffffff; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: center; background: #002060;"><font style="font-family: 'times new roman', times;">Number of employees and turnover rate by business</font></td>
</tr>
<tr style="height: 10px;">
<td height="8" style="height: 10px; padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 136px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 10px; width: 111px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 10px; width: 110px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 10px; width: 111px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 10px; width: 111px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 10px; width: 111px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" style="height: 16px; padding: 0px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #1f497d; border-right: 1pt solid #44546a; border-bottom: none; border-left: 1pt solid #1f497d; border-image: initial; white-space: nowrap; text-align: center; background: white; width: 136px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td colspan="2" style="border-right: 1pt solid #44546a; border-left: none; padding: 0px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #1f497d; border-bottom: 1pt solid #44546a; border-image: initial; white-space: nowrap; text-align: center; background: white; height: 16px; width: 220px;"><font style="font-family: 'times new roman', times;">2020</font></td>
<td colspan="2" style="border-right: 1pt solid #44546a; border-left: none; padding: 0px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #1f497d; border-bottom: 1pt solid #44546a; border-image: initial; white-space: nowrap; text-align: center; background: white; height: 16px; width: 221px;"><font style="font-family: 'times new roman', times;">2019</font></td>
<td rowspan="2" style="border-width: 1pt; border-style: solid; border-color: #1f497d #1f497d #1f497d #44546a; width: 110px; padding: 0px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-image: initial; white-space: normal; text-align: center; background: white; height: 46px;"><font style="font-family: 'times new roman', times;">&#916; (%)</font><br><font style="font-family: 'times new roman', times;"><font class="font5">employees<br>2020vs2019</font></font></td>
</tr>
<tr style="height: 30px;">
<td height="40" style="height: 30px; padding: 0px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #44546a; border-bottom: 1pt solid #1f497d; border-left: 1pt solid #1f497d; border-image: initial; white-space: nowrap; text-align: center; background: white; width: 136px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #1f497d; border-image: initial; white-space: normal; text-align: center; background: white; height: 30px;"><font style="font-family: 'times new roman', times;">Number of <br>employees</font></td>
<td style="border-top: none; border-left: none; width: 109px; padding: 0px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #1f497d; border-image: initial; white-space: normal; text-align: center; background: white; height: 30px;"><font style="font-family: 'times new roman', times;">Turnover rate</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #1f497d; border-image: initial; white-space: normal; text-align: center; background: white; height: 30px;"><font style="font-family: 'times new roman', times;">Number of <br>employees</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #1f497d; border-image: initial; white-space: normal; text-align: center; background: white; height: 30px;"><font style="font-family: 'times new roman', times;">Turnover rate</font></td>
</tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 136px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px; width: 111px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px; width: 110px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px; width: 111px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px; width: 111px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px; width: 111px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" style="height: 16px; width: 136px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #44546a; white-space: normal;"><font style="font-family: 'times new roman', times;">Holding</font></td>
<td style="border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #44546a; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">405</font></td>
<td style="border-left: none; width: 109px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #44546a; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">25.7%</font></td>
<td style="border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #44546a; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">393</font></td>
<td style="border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #44546a; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">43.2%</font></td>
<td style="border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #44546a; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">3%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" style="height: 16px; border-top: none; width: 136px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-left: 1pt solid #44546a; border-image: initial; white-space: normal;"><font style="font-family: 'times new roman', times;">Ultragaz</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">3,397</font></td>
<td style="border-top: none; border-left: none; width: 109px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">11.3%</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">3,414</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">13.9%</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">0%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" style="height: 16px; border-top: none; width: 136px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-left: 1pt solid #44546a; border-image: initial; white-space: normal;"><font style="font-family: 'times new roman', times;">Ultracargo</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">926</font></td>
<td style="border-top: none; border-left: none; width: 109px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">22.3%</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">792</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">23.7%</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">17%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" style="height: 16px; border-top: none; width: 136px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-left: 1pt solid #44546a; border-image: initial; white-space: normal;"><font style="font-family: 'times new roman', times;">Oxiteno</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">1,851</font></td>
<td style="border-top: none; border-left: none; width: 109px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">13.3%</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">1,844</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">19.6%</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">0%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" style="height: 16px; border-top: none; width: 136px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-left: 1pt solid #44546a; border-image: initial; white-space: normal;"><font style="font-family: 'times new roman', times;">Ipiranga</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">3,378</font></td>
<td style="border-top: none; border-left: none; width: 109px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">17.7%</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">3,289</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">18.7%</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">3%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" style="height: 16px; border-top: none; width: 136px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-left: 1pt solid #44546a; border-image: initial; white-space: normal;"><font style="font-family: 'times new roman', times;">Extrafarma</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">5,921</font></td>
<td style="border-top: none; border-left: none; width: 109px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">32.6%</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">6,292</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">32.1%</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">-6%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" style="height: 16px; border-top: none; width: 136px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-left: 1pt solid #44546a; border-image: initial; white-space: normal;"><font style="font-family: 'times new roman', times;">abastece a&#237;</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">68</font></td>
<td style="border-top: none; border-left: none; width: 109px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">-</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">-</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">-</font></td>
<td style="border-top: none; border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">n/a</font></td>
</tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; width: 136px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px; width: 111px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px; width: 110px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px; width: 111px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px; width: 111px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px; width: 111px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" style="height: 16px; width: 136px; padding: 0px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #44546a; white-space: normal;"><font style="font-family: 'times new roman', times;">Total</font></td>
<td style="border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #44546a; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">15,946</font></td>
<td style="border-left: none; width: 109px; padding: 0px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #44546a; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">21.8%</font></td>
<td style="border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #44546a; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">16,024</font></td>
<td style="border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #44546a; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">24.4%</font></td>
<td style="border-left: none; width: 110px; padding: 0px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #44546a; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times;">0%</font></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-indent: 28.35pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">De</font><font style="font-weight: bold;">velopment</font><font style="font-weight: bold;">, </font><font style="font-weight: bold;">training, and retention</font></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;"><br></font></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Committed to a culture of innovation and excellence, the Ultra Group has endeavored to adapt its career and succession processes together with its development and training programs to the online format. These actions support the development of talents for succession planning at the Ultra Group, thus guaranteeing a team of professionals with a profile of leadership ready to assume new positions.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2020, <font style="font-weight: bold;">Ultragaz </font>began some important projects such as the Culture, for promoting the cultural transformation of the organization, making the company more agile and competitive, incentivizing results through innovation, internal efficiency, and diversity. In addition, it has developed the Transformerz program, the commercial team&#8217;s development journey, a program which is 100% online. Ultragaz also continued to run its Formation of Future Leaders, a program for accelerating the development of employees with potential and where 78% of all participants have already received promotions.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2020<font style="font-weight: bold;"> </font>at the Santos (SP) and Itaqui (MA) terminals, <font style="font-weight: bold;">Ultracargo</font> began the implementation of the new Ultracargo Operations System (SOUL), designed to improve processes and optimize the terminal operations model with important gains in safety and productivity as well as reduction in losses. As part of this process, the company offered training to the operational teams with a focus on methodologies incorporating operations system.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Oxiteno</font><font style="font-weight: bold;"> </font>launched its new educational portal (OxiEducation), which acts through five learning centers (BeOxi, BeLeader, BeCustomer, BeIndustrial and BeEfficient), with different content and learning paths. The objective of this portal is to transform experiences of learning, helping the employees to take the lead in their own career development.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ipiranga</font>&#8217;s new organizational competencies focused on people, clients, results, the future, and society have provided a base for updating the corporate university. The Ipiranga Universe has consolidated into an online ecosystem of learning with schools and specific paths for each function. The aim of the new university is to support the continuous learning and protagonism of the employee in their development trajectory.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">During the year,<font style="font-weight: bold;"> </font><font style="font-weight: bold;">Extrafarma</font> worked on the dissemination of the elements of its new organizational culture, which underpins the employees&#8217; commitment with the customers, the business, and its teams, through workshops, lives, communication campaigns and training. The DNA Extrafarma portal for remote learning launched 143 new contents for upgrading proficiencies. A total of 33 lives were held between June and December through the Retail School.<font style="font-style: italic;"> </font></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">All Ultra Group employees hired under the CLT (the Federal Labor Law) legislation have the right to a private pension plan administered by <font style="font-weight: bold;">Ultraprev</font><font style="font-weight: bold;"> </font>Additional Pension Association. Employees decide annually the percentage of their salary they intend to contribute &#8211; up to 11% &#8211; with the Group companies contributing with the same amount.</font></p>
<p style="margin-top: 6pt; margin-bottom: 6pt; text-align: justify; page-break-inside: avoid; font-size: 9pt;"><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">9</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">MANAGEMENT REPORT 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgsatfcdwotjq04331374.jpg" alt="Graphics"></td>
</tr>

</table>
<p><br></p>
<table border="0" cellpadding="0" cellspacing="0" width="60%" style="height: 91px; border-collapse: collapse; width: 60%; margin-left: auto; margin-right: auto; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 24px;">
<td colspan="3" height="33" width="387" style="height: 24px; width: 291pt; padding: 0px; color: #ffffff; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: center; background: #002060;"><font style="font-family: 'times new roman', times;">Ultraprev</font></td>
</tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white;"><font style="font-family: calibri;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px;"><font style="font-family: calibri;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px;"><font style="font-family: calibri;">&nbsp;</font></td>
</tr>
<tr style="height: 0px;">
<td rowspan="2" height="40" style="border-bottom: 1pt solid #1f497d; height: 10px; padding: 0px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #1f497d; border-right: none; border-left: 1pt solid #1f497d; border-image: initial; white-space: nowrap; text-align: center; background: white;"><font style="font-family: calibri;">&nbsp;</font></td>
<td rowspan="2" width="145" style="border-bottom: 1pt solid #1f497d; width: 109pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #1f497d; border-right: none; border-left: none; border-image: initial; white-space: normal; text-align: center; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">Active </font><br><font style="font-family: 'times new roman', times;">participants</font></td>
<td rowspan="2" width="145" style="border-bottom: 1pt solid #1f497d; width: 109pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #1f497d; border-right: 1pt solid #1f497d; border-left: none; border-image: initial; white-space: normal; text-align: center; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">Equity</font><br><font style="font-family: 'times new roman', times;">(R$ million)</font></td>
</tr>
<tr style="height: 10px;"></tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white;"><font style="font-family: calibri;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px;"><font style="font-family: calibri;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px;"><font style="font-family: calibri;">&nbsp;</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" width="97" style="height: 15px; width: 73pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #44546a; white-space: normal; text-align: center;"><font style="font-family: 'times new roman', times;">2020</font></td>
<td width="145" style="border-left: none; width: 109pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #44546a; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times;">7,290</font></td>
<td width="145" style="border-left: none; width: 109pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #44546a; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times;">938</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" width="97" style="height: 15px; border-top: none; width: 73pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-left: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center;"><font style="font-family: 'times new roman', times;">2019</font></td>
<td width="145" style="border-top: none; border-left: none; width: 109pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times;">8,008</font></td>
<td width="145" style="border-top: none; border-left: none; width: 109pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times;">911</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" width="97" style="height: 15px; border-top: none; width: 73pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-left: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center;"><font style="font-family: 'times new roman', times;">2018</font></td>
<td width="145" style="border-top: none; border-left: none; width: 109pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times;">8,052</font></td>
<td width="145" style="border-top: none; border-left: none; width: 109pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 15px;"><font style="font-family: 'times new roman', times;">836</font></td>
</tr>

</table>
<p style="margin: 0px; break-inside: avoid; font-size: 9pt; text-align: left; text-indent: 0px;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; text-align: justify; font-weight: bold;"><br></font></font></p>
<p style="margin: 0px; break-inside: avoid; font-size: 9pt; text-align: left; text-indent: 0px;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; text-align: justify; font-weight: bold;">Attraction of </font><font style="font-size: 10pt; text-align: justify; font-weight: bold;">talents</font></font><br></p>
<p style="margin: 0px; break-inside: avoid; font-size: 9pt; text-align: left; text-indent: 0px;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; text-align: justify; font-weight: bold;"><br></font></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The <font style="font-weight: bold;">Holding Compan</font><font style="font-weight: bold;">y&#8217;s</font> 2020 Internship Program offered 9 vacancies at the administrative offices in S&#227;o Paulo. The Holding Company also continued its vacation internships for students in Brazil and for young Brazilians living abroad as well as participating in events with a focus on attracting young professionals.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">As part of a plan of internal development,<font style="font-weight: bold;"> </font><font style="font-weight: bold;">Ultragaz</font> promoted 50% of those that took part in its internship program in 2020. It also designed the candidate&#8217;s journey for ensuring the same experience anywhere in Brazil. Communication with Ultragaz&#8217;s candidates has been structured in an innovative, standardized and more modern way, attracting increasing numbers of talents to the organization.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The highlight at <font style="font-weight: bold;">Oxiteno</font> was the internal recruitment program which has been in place since 2019. In 2020, the program achieved a record level of 48% of all vacancies being filled by in-house talents. In addition, approximately 7 thousand people enrolled for its trainee program in 2021, including 5 vacancies specifically with an engineering qualification. The Neurodiversity project was another important initiative run in conjunction with the Specialisterne specialized consultancy for the development and hiring of autistic professionals. Currently, the pilot project involves two individuals hired as service providers but with the potential for expansion into other areas. Oxiteno also operates an IT talents program in partnership with ShareRH for attracting and developing new talents. In 2020, 30 candidates were chosen to receive basic training in Java.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ipiranga</font> ran its second trainees&#8217; program, registering a record number of candidate enrollments. A total of 24.3 thousand professionals competed for 15 places in the commercial, planning and finance; technology, innovation, and new businesses; sustainability; and operations department.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Enga</font><font style="font-weight: bold;">gement</font><font style="font-weight: bold;"> </font></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;"><br></font></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultra Group&#8217;s in-house dialog has become still more agile and fluid with the Facebook workplace platform for internal communication, maximizing the interaction with the teams and employee engagement. In 2020, 98% of all employees participated in the platform and interacted with more than 80 groups. There were more than 2.5 thousand publications, 7.3 thousand comments and 60 thousand reactions.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2021, the Holding Company and the businesses are to conduct their organizational climate surveys. These are conducted biennially, the last one in 2019 presented an 80% favorability rating.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2020, <font style="font-weight: bold;">Oxiteno</font> began its global internal communication campaign, Our Formula Does Good, connecting the concepts of purpose, values, strategy, culture, and defense of the brand with the aim of clarifying the employees on the activities, role, objectives, and initiatives of the company. The campaign aims at stimulating a sense of belonging, pride, and connection with the company&#8217;s purpose &#8220;to contribute to the wellbeing of people through chemistry&#8221;, as well as to provide clarity on myths and truths on the subject of chemistry. In a satisfaction survey at the end of the year, 80% of employees declared that the campaign helped reinforce the essential nature of chemistry and the benefits of Oxiteno&#8217;s work to society.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Inclus</font><font style="font-weight: bold;">ion and diversity</font></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;"><br></font></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Progress has also been made in the commitment to inclusion and diversity. <font style="font-weight: bold;">Ipiranga</font> and <font style="font-weight: bold;">Extrafarma</font> have had programs of this nature in place since 2019. In 2020, <font style="font-weight: bold;">Ipiranga</font> established the Diversity Committee and affinity groups (gender, special needs, afro-descendants and LGBTQIA+) and held its first diversity census, the results of which will be important in setting targets. <font style="font-weight: bold;">Extrafarma</font> has conducted several awareness and engagement initiatives. During the process of hiring for the new distribution center in S&#227;o Lu&#237;s (MA), the company prioritized women and the over fifties as part of the process of increasing diversity of gender and age in its logistics area, previously dominated by largely young male employees. The company ended 2020 with 5% of its employees over the age of 50 (generation front) and 61% of women in positions of leadership (gender front). Employees also included 194 with special needs and five refugees from Angola, Haiti, and Togo (cultural diversity front) on the payroll.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Oxiteno</font> is developing its own diversity program to be launched in 2021, and <font style="font-weight: bold;">Ultragaz</font> and <font style="font-weight: bold;">Ultracargo</font> intend to take initiatives on the theme in the same direction as from 2021.</font></p>
<p style="margin-top: 6pt; margin-bottom: 6pt; text-align: justify; page-break-inside: avoid; font-size: 9pt;"><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">10</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">MANAGEMENT REPORT 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgnp1ilxnzwgy04331374.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #0070c0; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #0070c0; font-size: 10pt;">Health and safety</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #0070c0; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">One of the business principles guiding the activities of the Ultra Group relates to safety. In the context of the COVID-19 pandemic and the continued operations of the businesses, deemed essential activities, in 2020, the Company immediately instituted and reinforced health and safety protocols including 70% alcohol gel sanitizer and personal protection equipment (PPEs); measuring temperatures on entry into the units; reinforcing hygiene and cleansing procedures in the work environments; and monitoring all employees with symptoms, among other measures. Care was also taken to ensure suitable ergonomic conditions for professionals working remotely. The Ultra Group has made an 0800 number available for psycho-social support and open to all employees and their families.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Besides the preventive measures taken during the pandemic, all the businesses maintained their practices and programs directed towards the safety of the teams, guidelines for which are included in specific policies and the results of which are monitored in the companies&#8217; management systems. There are actions and an ongoing effort to consolidate the internal culture of safety and to foster the commitment and protagonism of the leadership and the teams on the theme.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Most notable during the year, <font style="font-weight: bold;">Ultragaz</font> invested in revision of workflows and improvements in equipment and processes &#8211; in 2020, for example it concluded the automation of the bottling plant in Caucaia (CE), thus increasing the safety of the teams. <font style="font-weight: bold;">Ultracargo</font> invested in the human element and in risk perception, reducing the exposure of people to operational risks, training multipliers responsible for disseminating the culture of safety and implemented improvements in working procedures and in fire prevention. The company also invested in revitalization of assets, modernization of lines, tankage, and fire-fighting systems at all port terminals, contributing to an increase in reliability and safety for the teams. <font style="font-weight: bold;">Oxiteno</font> is in the final phase of revitalizing its fire prevention system at the Mau&#225; (SP) unit, the company&#8217;s oldest industrial facility.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ipiranga</font> launched the new Business Continuity Plan with guidelines for the management of emergencies, contingencies and crises. The process of behavioral observation was also introduced, recognizing those employees who take onboard the safety measures in all their activities while counselling those professionals that commit errors exposing themselves to risks. <font style="font-weight: bold;">Extrafarma</font> has implanted the Safer DC program for involving employees so that they contribute directly to accident prevention and related illnesses, increasing the safety of all in the distribution centers.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #0070c0;">Re</font><font style="font-weight: bold; color: #0070c0;">lations with the local community</font></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #0070c0;"><br></font></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Based on the precepts of responsibility, transparency, long-term effects and dialog, the Group manages the impacts on the areas surrounding its operations in order to contribute to the development of the communities in the neighborhood as well as acting in an efficient way for minimizing potentially negative impacts. On the social front, the Ultra Group&#8217;s aim is to guarantee greater convergence between actions undertaken at each of the businesses in relation to material themes and what positive impacts of the activities can be maximized.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The <font style="font-weight: bold;">Holding</font><font style="font-weight: bold;"> Company</font> supports the &#201;cole 42 institution which operates in various parts of the world by offering free programming courses to young people, acting as a transformational element through education as well as helping to fill the gap in the training of IT professionals in Brazil.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ultragaz</font> adopted its volunteer programs to the remote format. In conjunction with the Junior Achievement NGO, volunteers among the employees participated in &#8220;The Future of Work&#8221; and &#8220;Connected with Tomorrow&#8221; programs, for students from the public school network. In the &#8220;To Read is Present&#8221; program, volunteers devote their time to reading stories to children who participate in the Centers for Children and Teenagers (CCAs) and Services for Institutional Reception of Children and Adolescents (SAICAS). The company also supported awareness campaigns for combatting domestic violence, on voting safely during the elections in Brazil in 2020, and the Open Screens project disclosing information on safe coexistence, learning at home and via the ludic and educational activities aired on the Future Channel, in the social networks and through printed leaflets. Social initiatives supported by Ultragaz had an impact on more than 20 million people in 2020.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ultracargo </font>renewed its support for the On the Right Side (&#8220;<font style="font-style: italic;">Na </font><font style="font-style: italic;">M&#227;o</font><font style="font-style: italic;"> </font><font style="font-style: italic;">Certa</font><font style="font-style: italic;">&#8221;</font>) program, and Childhood Brasil NGO&#8217;s initiative for combatting the sexual exploitation of children and adolescents on Brazilian highways and at its port terminals. As part of its commitment, the company replicates materials for raising awareness and runs communication campaigns among its employees, clients, drivers at the port terminal and at other partners. The company also continued to sponsor the Community in Action award promoted by the <font style="font-style: italic;">A </font><font style="font-style: italic;">Tribuna</font> newspaper of Santos (SP), recognizing social projects in the greater Santos area in the state of S&#227;o Paulo where Ultracargo&#8217;s largest port terminal is located.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Oxiteno</font> continued to sponsor the <font style="font-style: italic;">Ba&#250;</font><font style="font-style: italic;"> das </font><font style="font-style: italic;">Artes</font> project for supplying books, games, and ludic-pedagogic instruments to public school students. With the materials, the teachers, who take part in pre-formation workshops, work on themes such as ethics, the environment and culture with the students. In 2020, program materials were adapted to the digital format. This initiative reached more than 26 thousand students and about 300 teachers from 24 schools in the municipal districts of Mau&#225;, Suzano and Trememb&#233;, in the state of S&#227;o Paulo, and Cama&#231;ari (BA) and Triunfo (RS).</font></p>
<p style="margin-top: 6pt; margin-bottom: 6pt; text-align: justify; page-break-inside: avoid; font-size: 9pt;"><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">11</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">MANAGEMENT REPORT 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgjbewfqhieqo04331374.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;"><br></font></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ipiranga</font><font style="font-weight: bold;"> </font>also adapted its volunteer program &#8211; run in partnership with the Junior Achievement NGO &#8211; to the digital format. This initiative impacted more than 10 thousand students among the three high school grades from 80 public schools in the state of Rio de Janeiro. In the case of the itinerant Health on the Highway program for truckers and other road users, there were 126 days of actions at 64 Rodo Rede Ipiranga service stations in 10 states.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">During the prolonged power outage in the state of Amap&#225; in November,<font style="font-weight: bold;"> </font><font style="font-weight: bold;">Extrafarma</font> donated about 9 thousand items of hygiene to three state institutions. The company also participated in the 22<font style="vertical-align: super;">nd</font> National Vaccination Campaign against influenza, ceding some of its units as vaccination posts. The company also signed up to the Red Signal against Domestic Violence and aired through the media and the social networks a campaign for raising awareness on the correct disposal of medications.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #0070c0; font-size: 10pt;">Value chain</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #0070c0; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Ultra Group also endeavors to create value along its entire chain of resellers, business partners and suppliers. At <font style="font-weight: bold;">Ultragaz</font> and at <font style="font-weight: bold;">Ipiranga</font>, the success of the businesses depends directly on the network of resellers and partners, through which the two brands and their products reach the final consumer.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ultragaz</font><font style="font-weight: bold;"> </font>operates with 5.1 thousand resellers which, from 2020, had a new app at their disposal, <font style="font-style: italic;">Meu </font><font style="font-style: italic;">Aplicativo</font><font style="font-style: italic;"> </font><font style="font-style: italic;">Parceiro</font><font style="font-style: italic;"> </font>- My Partner Application with different functions that support reseller&#8217;s management functions, the project being developed in partnership with the resellers themselves. As a means of raising the awareness of partners and their respective employees on the coronavirus, Ultragaz distributed kits with 70% alcohol gel sanitizer and protective face masks to a group of resellers and ran a series of lives on the theme. Since 2015, Ultragaz has been inviting key suppliers to take part in the Carbon Disclosure Project (CDP) diagnosis for engaging them in the protection of the ecosystem and confronting the climate change. In 2020, 78% of critical suppliers engaged in relation to climate change and 56% signed up to issues related to questions related to hydric resources (a theme introduced in 2020).</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">At <font style="font-weight: bold;">Ipiranga</font>, there are 7.1 thousand service stations managed by entrepreneurs and part of the reseller network as well as partners in the franchises of the AmPm and Jet Oil networks. The focus in 2020 was to support the financial sustainability of these partners, as their businesses were seriously affected by restrictions on personal mobility. The assistance package offered by Ipiranga, the first company in the sector to provide such a program, included a temporary stay on payment of rents and financing commitments, the temporary suspension of volume performance covenants, support for raising lines of credit for reinforcing partners working capital and initiatives for accelerating sales.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In relation to suppliers, adherence to legal requirements and the adoption of good practices in relation to ethics, human and labor rights, health and safety and protection of the environment are all conditions which are assessed for the relationship. <font style="font-weight: bold;">Oxiteno</font> became the first Brazilian chemicals industry to use the EcoVadis methodology, a platform recognized internationally for evaluating performance in corporate sustainability, to assess its suppliers. The company has moved up two categories in the EcoVadis ranking and is currently placed in the Platinum category, the highest EcoVadis Sustainability Rating and reached by just 1% of the evaluated companies. Oxiteno is the second Brazilian company to achieve this position.</font></p>
</div><div style="font-family: 'times new roman', times; font-size: 10pt; /* width: 70%; *//* margin-left: 15%; *//* margin-right: 15%;">
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="width: 511.75pt; border-bottom: 2.25pt solid #051272; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: top;">
<p style="margin-top: 6pt; margin-bottom: 6pt; text-align: justify; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold; color: #051272;">Risk Management</font><font style="font-weight: bold; font-style: italic; color: #051272;">, </font><font style="font-weight: bold; color: #051272;">Compliance</font><font style="font-weight: bold; color: #051272;"> </font><font style="font-weight: bold; color: #051272;">and </font><font style="font-weight: bold; color: #051272;">Audit</font><font style="font-weight: bold; color: #051272;">ing</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 8pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 6pt; margin-bottom: 6pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><img src="img355wuhmj30g04331376.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar has an organized structure of governance for the themes of risks, compliance and auditing, covering all its businesses.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Risks, Compliance and Audit department have different reporting levels in the organization according to each one of its competencies. The department is linked administratively to the chief executive officer of the Ultra Group, being responsible for the integrated management of risks, maintenance of the Ethics and Compliance Program and for the internal audit. The Department reports to the Audit and Risks Committee of the Board of Directors in the management of the corporate risks, in the consolidation of information and controls and in the conducting of the general internal audit process.</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">12</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></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: 0px; font-family: 'times new roman'; font-size: 10pt; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">MANAGEMENT REPORT 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgl1pc0kuytpb04331376.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Statutory Audit and Risks Committee, constituted in 2019, was set up to advise the Board of Directors on the supervision of: (i) the integrity and quality of the Company&#8217;s financial statements, (ii) compliance of the Company with legal and regulatory requirements, (iii) qualification and independence of the independent auditor, (iv) the performance of the Company&#8217;s internal auditing functions (represented by the Risks, Compliance and Audit department) and of the independent auditors, and (v) risk management including meeting with management whenever it is deemed necessary. The composition of the Statutory Audit and Risks Committee is of three members who are also independent members of Ultrapar&#8217;s Board of Directors, and one independent member who exercises the attributions of Committee Coordinator.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Since 2004, the Ultra Group has had a Conduct Committee, its principal attributions being to supervise the evolution and adherence to the Ethics and Compliance Program and to recommend action in the event of infringements of the Code of Ethics and the Corporate Policies. The Committee is a body responding to the Board of Directors, responsible for electing its members.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Integrated Risk Management</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Ultra Group&#8217;s risks management structure combines the corporate coordination to a direct interface with each one of the businesses, ensuring that this process is comprehensive and takes into consideration specific sectoral characteristics.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Systemic Risks Assessment comprises themes which cover the leading threats to the operations of the businesses and are grouped in five families, with an interdependent focus and dynamic assessments. As an immediate reply to transformations in the business environment and to new themes of greater impact in 2020, risks were identified with a potential to become serious and which should be monitored in the light of the pandemic. In addition, there was also a revision of the Systemic Assessment, the result of continual improvement in risk management, resulting in a readjustment of risk themes with greater emphasis placed on strategic risks.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Discussions take place on a structured and independent basis at each business and in the holding company, covering risk themes both internal and external, evaluating scenarios quantified in terms of impact and vulnerability, and generating mitigating action plans.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Internal and External </font><font style="font-weight: bold;">Audits</font></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;"><br></font></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Linked to the Risks, Compliance and Audit department, the Internal Audit unit is responsible for monitoring the procedures and controls of all the businesses, identifying risks and opportunities for improvement which in a synergetic way, contribute to the updating of the risks map and Ultra Group&#8217;s risks management process and the Ethics and Compliance Program. The unit also reviews all Group payments and executes internal operational audits, according to the plan approved annually, and performs effectiveness tests of internal controls as part of the process of Sarbanes-Oxley (SOX) certification, a requirement for the financial statements published in the United States market.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The External Audit is responsible for auditing the financial statements under the applicable audit rules, which consider the understanding of the internal controls that are relevant to the preparing process of the financial statements, planning the audit work and carrying out the necessary procedures to issue the independent auditors' report on the individual and consolidated financial statements.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Compliance</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar has an Ethics and Compliance Program supervised by the Conduct Committee with guidelines approved by the Board of Directors among which the Code of Ethics. The Program establishes annual themes for communication and training such as the combatting of corruption, good anti-trust practices, conflicts of interest and harassment, among others always with a view to strengthening the Company&#8217;s culture of integrity. In addition to the systematic process of accountability to senior management, in 2020 the first report with the consolidated result of the program over the last five years was produced and distributed to all employees in the Holding Company, the businesses, Committees and the Board of Directors.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Ethics and Compliance Program also determines that a whistleblowing channel should be made available to all stakeholders to receive complaints, anonymity and non-retaliation being guaranteed to complainants. Managed by an independent outside company which guarantees these conditions, Ultra&#8217;s Open Channel can be used by employees and outside stakeholders, through its intermediary, receiving in Brazil and from abroad requests for orientation on guidelines relating to ethics and integrity and notifications on eventual deviations from the Code of Ethics and corporate policies. The reports are sent to the Risks, Compliance, and Audit area, responsible for handling complaints, etc with the support of the Conduct Committee. In 2020, the channel received 834 reports, an indication of the increasing awareness of ethics and integrity as well as a growing level of confidence in the channel on the part of users.</font></p>
<p style="margin-top: 6pt; text-align: justify; font-size: 9pt;"><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">13</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></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: 0px; font-family: 'times new roman'; font-size: 10pt; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">MANAGEMENT REPORT 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imghdihumuj52v04331376.jpg" alt="Graphics"></td>
</tr>

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

<tr style="height: 7.1pt;">
<td style="width: 507.95pt; border-bottom: 2.25pt solid #051272; padding: 0px 4px; vertical-align: top;">
<p style="margin: 0px; line-height: 14pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold; color: #051272;">Capital markets</font></font></p>
</td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&#8217;s average daily trading volume, including trades on both B3 and NYSE, was R$ 180 million/day in 2020 (+17%). Ultrapar&#8217;s shares reported a closing price in 2020 of R$ 23.74 on B3, a decline of 7% in the year, while the Ibovespa stock index appreciated 3% in the same period. Ultrapar&#8217;s shares on the NYSE posted a devaluation of 27% in the year, closing at US$ 4.53, while the Dow Jones recorded an appreciation of 7%. Ultrapar ended the year with a market capitalization of R$ 26 billion.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">On February and August 2020, Ultrapar&#8217;s Board of Directors confirmed the issue of 2,108,542 and 86,978 common shares, respectively, with the same rights attributed to the remaining shares of the Company already issued, the additional issue reflects the partial exercise of rights under the subscription warrants issued by the Company at the time of the incorporation of Extrafarma&#8217;s shares. As consequence of these issues, the Company&#8217;s capital stock is now represented by 1,115,005,712 common shares, all of them nominative, with no par values.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #404040;">Performance of </font><font style="font-weight: bold; color: #404040;">UGPA3 x </font><font style="font-weight: bold; color: #404040;">Ibovespa</font><font style="font-weight: bold; color: #404040;"> &#8211; 20</font><font style="font-weight: bold; color: #404040;">20</font><font style="font-weight: bold; color: #404040;"> </font><font style="font-weight: bold; color: #404040;">(</font><font style="font-weight: bold; color: #404040;">Dec</font><font style="font-weight: bold; color: #404040;"> </font><font style="font-weight: bold; color: #404040;">3</font><font style="font-weight: bold; color: #404040;">0</font><font style="font-weight: bold; color: #404040;">, 2019 = </font><font style="font-weight: bold; color: #404040;">100)</font></font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: center; font-size: 10pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"><font style="height: 0pt; margin-top: -6pt; text-align: left; display: block; position: absolute; z-index: 2;"><font style="font-size: 10pt; text-align: center;">&nbsp;</font></font></font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: center; font-size: 10pt;"><img src="imgfxjl4xznxk304331376.jpg" alt="Graphics"></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="width: 507.95pt; border-bottom: 2.25pt solid #051272; padding: 0px 4px; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; line-height: 14pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 12pt; font-weight: bold; color: #051272;">Dividends</font></p>
</td>
</tr>

</table>
<p><br></p>
<table border="0" cellpadding="0" cellspacing="0" width="50%" style="border-collapse: collapse; width: 50%; margin-left: auto; margin-right: auto; font-family: 'times new roman'; font-size: 10pt; height: 148px;">

<tr style="height: 24px;">
<td colspan="4" height="33" width="422" style="height: 24px; width: 317pt; padding: 0px; color: #ffffff; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: center; background: #002060;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dividend history</font></td>
</tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white;">&nbsp;</td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px;">&nbsp;</td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px;">&nbsp;</td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px;">&nbsp;</td>
</tr>
<tr style="height: 0px;">
<td rowspan="2" height="42" style="border-bottom: 1pt solid #1f497d; height: 32px; padding: 0px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #1f497d; border-right: none; border-left: 1pt solid #1f497d; border-image: initial; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Fiscal year</font></td>
<td rowspan="2" width="134" style="border-bottom: 1pt solid #1f497d; width: 101pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #1f497d; border-right: none; border-left: none; border-image: initial; white-space: normal; text-align: center; background: white; height: 32px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Total amount </font><br><font style="font-family: 'times new roman', times; font-size: 10pt;">(R$ million)</font></td>
<td rowspan="2" width="116" style="border-bottom: 1pt solid #1f497d; width: 87pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #1f497d; border-right: none; border-left: none; border-image: initial; white-space: normal; text-align: center; background: white; height: 32px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Dividend </font><br><font style="font-family: 'times new roman', times; font-size: 10pt;">per share (R$)</font></td>
<td rowspan="2" width="75" style="border-bottom: 1pt solid #1f497d; width: 56pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #1f497d; border-right: 1pt solid #1f497d; border-left: none; border-image: initial; white-space: normal; text-align: center; background: white; height: 32px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Payout</font></td>
</tr>
<tr style="height: 32px;"></tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="97" style="height: 16px; width: 73pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #44546a; white-space: normal; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2020</font></td>
<td width="134" style="border-left: none; width: 101pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #44546a; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">480</font></td>
<td width="116" style="border-left: none; width: 87pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #44546a; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.44</font></td>
<td width="75" style="border-left: none; width: 56pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #44546a; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">52%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="97" style="height: 16px; border-top: none; width: 73pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-left: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2019</font></td>
<td width="134" style="border-top: none; border-left: none; width: 101pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">479</font></td>
<td width="116" style="border-top: none; border-left: none; width: 87pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.44</font></td>
<td width="75" style="border-top: none; border-left: none; width: 56pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">119%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="97" style="height: 16px; border-top: none; width: 73pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-left: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2018</font></td>
<td width="134" style="border-top: none; border-left: none; width: 101pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">685</font></td>
<td width="116" style="border-top: none; border-left: none; width: 87pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.63</font></td>
<td width="75" style="border-top: none; border-left: none; width: 56pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">60%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="97" style="height: 16px; border-top: none; width: 73pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-left: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2017</font></td>
<td width="134" style="border-top: none; border-left: none; width: 101pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">951</font></td>
<td width="116" style="border-top: none; border-left: none; width: 87pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.88</font></td>
<td width="75" style="border-top: none; border-left: none; width: 56pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">62%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="97" style="height: 16px; border-top: none; width: 73pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-left: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2016</font></td>
<td width="134" style="border-top: none; border-left: none; width: 101pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">907</font></td>
<td width="116" style="border-top: none; border-left: none; width: 87pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.84</font></td>
<td width="75" style="border-top: none; border-left: none; width: 56pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #44546a; border-bottom: 1pt solid #44546a; border-image: initial; white-space: normal; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">58%</font></td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&#8217;s Corporate Bylaws requires the distribution of a minimum mandatory dividend to its shareholders of 50% of the net income. Over the past few years, the portion of net income allocated to dividends was on average 60%. The increased payout in 2019 reflects the lower net income arising from the non-recurring effect of the impairment of goodwill at Extrafarma, which had no cash effect.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2020, Ultrapar declared dividends of R$ 480 million, a payout<font style="font-style: italic;"> </font>of 52% on the net income for the year and a dividend yield of 2.4% on the average price of Ultrapar&#8217;s shares.</font></p>
<p style="margin-top: 6pt; margin-bottom: 6pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin-top: 6pt; margin-bottom: 6pt; text-align: justify; font-size: 9pt;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt; height: 17px;">

<tr style="height: 17px;">
<td class="pgno" style="padding: 0px; text-align: center; height: 17px;"><font style="font-size: 10pt;" class="pageno">14</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">MANAGEMENT REPORT 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="img5thaktpwilv04331376.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 6pt; margin-bottom: 6pt; text-align: justify; font-size: 7pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 10pt; font-weight: bold; color: #051272;"><br></font></p>
<p style="margin-top: 6pt; margin-bottom: 6pt; text-align: justify; font-size: 7pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 10pt; font-weight: bold; color: #051272;"><br></font></p>
<p style="margin-top: 6pt; margin-bottom: 6pt; text-align: justify; font-size: 7pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 10pt; font-weight: bold; color: #051272;"><br></font></p>
<p style="margin-top: 6pt; margin-bottom: 6pt; text-align: justify; font-size: 7pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 10pt; font-weight: bold; color: #051272;">&nbsp;<font style="font-family: 'times new roman', times;">AN</font></font><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt; font-weight: bold; color: #051272;">ALYSIS OF FINANCIAL PERFORMANCE IN</font><font style="font-size: 10pt; font-weight: bold; color: #051272;"> 2020</font></font><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="width: 507.95pt; border-bottom: 2.25pt solid #051272; padding: 0px 4px; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; color: #051272;">Economic-operational environment</font></p>
</td>
</tr>

</table>
<p><br></p>
<table border="0" cellpadding="0" cellspacing="0" width="50%" style="border-collapse: collapse; width: 50%; margin-left: auto; margin-right: auto; font-family: 'times new roman'; font-size: 10pt; height: 153px;">

<tr style="height: 24px;">
<td colspan="4" height="33" width="452" style="height: 24px; width: 339pt; padding: 0px; color: #ffffff; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: center; background: #002060;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Indicators</font></td>
</tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 6px;"></td>
</tr>
<tr style="height: 27px;">
<td height="36" width="212" style="height: 27px; width: 159pt; padding: 0px; color: #002060; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid windowtext; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></td>
<td style="padding: 0px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid windowtext; border-left: none; border-image: initial; white-space: nowrap; text-align: center; height: 27px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2020</font></td>
<td style="padding: 0px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid windowtext; border-left: none; border-image: initial; white-space: nowrap; text-align: center; height: 27px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2019</font></td>
<td width="80" style="width: 60pt; padding: 0px; color: #404040; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: 1pt solid #002060; border-bottom: 1pt solid windowtext; border-left: none; border-image: initial; white-space: normal; text-align: center; height: 27px;">
<p><font style="font-family: 'times new roman', times; font-size: 10pt;">&#916; (%) </font></p>
<p><font style="font-family: 'times new roman', times; font-size: 10pt;">2020v2019</font></p>
</td>
</tr>
<tr style="height: 16px;">
<td height="22" width="212" style="height: 16px; width: 159pt; padding: 1px 0px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: none; border-bottom: none; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">GDP*</font></td>
<td style="padding: 1px 0px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-4.3%</font></td>
<td style="padding: 1px 0px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1.1%</font></td>
<td style="padding: 1px 0px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-5.4pp</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="212" style="height: 16px; width: 159pt; padding: 1px 0px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: none; border-bottom: none; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Inflation in the period</font></td>
<td style="padding: 1px 0px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.5%</font></td>
<td style="padding: 1px 0px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">4.3%</font></td>
<td style="padding: 1px 0px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">0.2pp</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="212" style="height: 16px; width: 159pt; padding: 1px 0px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: none; border-bottom: none; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Accumulated Selic rate</font></td>
<td style="padding: 1px 0px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2.8%</font></td>
<td style="padding: 1px 0px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.9%</font></td>
<td style="padding: 1px 0px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-3.2pp</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="212" style="height: 16px; width: 159pt; padding: 1px 0px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: none; border-bottom: none; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Average exchange rate (R$/US$)</font></td>
<td style="padding: 1px 0px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5.16</font></td>
<td style="padding: 1px 0px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3.95</font></td>
<td style="padding: 1px 0px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">31%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" width="212" style="height: 16px; width: 159pt; padding: 1px 0px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: none; border-bottom: 1pt solid #002060; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Brent crude oil (US$/barrel)</font></td>
<td style="padding: 1px 0px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: none; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">42</font></td>
<td style="padding: 1px 0px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: none; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">64</font></td>
<td style="padding: 1px 0px; color: #595959; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; height: 16px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-34%</font></td>
</tr>
<tr style="height: 16px;">
<td height="22" colspan="2" style="height: 16px; padding: 0px; color: #404040; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">* Focus projection from 02/05/21 for 2020</font></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 16px;"></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 16px;"></td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The year 2020 started with a climate of optimism and an outlook for structural reforms after the approval of pension reform in November 2019. However, with the outbreak of the COVID-19 pandemic, the macroeconomic environment became more challenging despite of economic assistance measures and historically low basic rates of interest at 2% from August 2020. The stimulus packages and financial support policies for combatting the effects of the pandemic also resulted in a deterioration in the country&#8217;s fiscal situation. According to the Focus report of February 5, 2021, GDP is expected to have fallen by 4.3% in 2020.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">After slumping 30% in March at the outset of the pandemic, the BOVESPA Index began to gradually pull back to its pre-pandemic levels and presenting an appreciation of 3% during the year 2020. The average US Dollar rate to the Real in turn in 2020 increased to R$ 5.16/US$, a devaluation of 31% compared to the average of R$ 3.95/US$ in 2019.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The economic recovery in the final few months of the year, with improvements in the domestic and international scenarios and news on vaccine development contributed to a more positive outlook. Market estimates are for a growth of approximately 3.5% in GDP for 2021, inflation below target at 3.6% and interest rates continuing low according to the forecast in the same Focus report.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The fuels distribution market posted a sharp decline in 2020 with sales volume registered by ANP (Brazilian Oil, Natural Gas and Biofuels Agency) 5% lower compared with 2019. Otto cycle volume was directly impacted by social distance measures and restrictions on personal mobility, a situation which was aggravated by high oil price volatility, while diesel volumes proved more resilient. In 2020, the Renovabio program came into effect with the purpose of renewal of Brazil&#8217;s energy mix through incentives for biofuels, implementing targets for the decarbonization of the mills and distributors.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The impacts of the pandemic were similarly felt in the LPG market but in distinct ways according to each segment, with less intensity. While on one hand, according to ANP data, sales for residential gas bottle recorded an increase of 5% compared with values for 2019, a reflection of greater social distance, the bulk segment reported a fall of 2%, principally due to lower sales volume to commercial and services entities, but attenuated by higher sales to industry.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2020, benchmark prices for ethylene and MEG, the principal chemical commodities which influence Oxiteno&#8217;s performance, posted a decline of 20% and 18%, respectively, while there was an appreciation in palm oil prices of 32%, due to tighter supplies of the product. Results from the business also benefited from the depreciation of the Real against the US Dollar given that revenues and a good part of the cost are linked to US Dollar and to higher sales volume from Home &amp; Personal Care segment.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The liquid bulk storage segment has been growing in Brazil and was impacted by weaker import volumes of petroleum derivatives compensated by historical highs in the level of participation in the volume of imports of chemical products, according to Abiquim (Brazilian Chemical Industry Association) estimates, besides an expressive increase in imports of vegetable oil for the production of biodiesel at a time of constrained offer of soybeans.</font></p>
<p style="margin-top: 6pt; margin-bottom: 6pt; text-align: justify; font-size: 9pt;"><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">15</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">MANAGEMENT REPORT 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="img2pvguhnc03e04331376.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In pharmaceutical retailing, gross revenue of the network members of Abrafarma (Brazilian Drugstore and Pharmacy Networks Association) was R$ 58 billion compared to R$ 53 billion in 2019 (+9%), with a net addition of 393 drugstores in the domestic market.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The tendency to digitization, already a reality in recent years and hastened with the onset of the pandemic, also favors the use of digital means of payments, reinforcing the potential for <font style="font-style: italic;">abastece</font><font style="font-style: italic;"> </font><font style="font-style: italic;">a&#237;</font><font style="font-style: italic;">.</font> With the change in habits of the population at large, electronic means of payment &#8211; eliminating direct contact &#8211; have become increasingly significant in the daily routine of transactions. </font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="width: 507.95pt; border-bottom: 2.25pt solid #051272; padding: 0px 7px 0px 4px; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; color: #051272;">Ultragaz</font></p>
</td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sales volume at Ultragaz reported growth of 2% in 2020, reflecting market growth in the period. In the bottled segment, volumes increased 2% due to stronger residential consumption driven by restrictions imposed by the pandemic. In the bulk segment, volumes remained stable with higher sales to industry and special gases (propellants), partially offset by lower volumes to the commercial and services sectors, most affected by measures of social isolation with the onset of the pandemic.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenues rose 4% in 2020, mainly due to higher sales volume and increases of LPG prices on the part of Petrobras. The cost of goods sold increased 3%, for the same reasons as already mentioned, in addition to higher freight costs due to the need to source LPG from more distant supply bases, and due to higher storage costs.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sales, general and administrative expenses fell by 3% in the year. Despite the increase in freight expenditures as a result of higher volume and inflation rate in the period together with higher fees for consultancies hired to improve operational efficiency, Ultragaz implemented several initiatives for reducing expenses, particularly in the payroll line, in addition to lower expenses with materials and provisions for doubtful accounts.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultragaz&#8217;s EBITDA amounted to a record R$ 729 million in 2020, a growth of 24% relative to 2019, principally due to higher sales volume, greater efficiency and a reduction in expenses.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultragaz invested R$ 282 million in 2020, allocated mainly to the acquisition and replacement of gas bottles, installations at new clients in the bulk segment, construction of new filling bases and maintenance work at existing operations.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="width: 507.95pt; border-bottom: 2.25pt solid #051272; padding: 0px 7px 0px 4px; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; color: #051272;">Ultracargo</font></p>
</td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The average installed capacity at Ultracargo in 2020 increased 12%, due to expanded tankage capacity at the terminals in Santos and Itaqui in the past 18 months. Consequently, cubic meter sold grew by 14% with greater fuel handling at the two terminals and a higher number of spot operations. Ultracargo ended the year with a market share of product handling of 25.2% versus<font style="font-style: italic;"> </font>23.7% at the close of 2019, a reflection of the company&#8217;s growth plan.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenues rose 19% in 2020, driven by greater fuel handling in light of expansions and spot operations as well as higher tariffs due to contractual readjustments. Cost of services provided rose 3%, due to the increase in tankage capacity between the periods. The cost of services provided per cubic meter sold posted a decrease of 9%, reflecting gains in productivity at the terminals.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sales, general and administrative expenses fell 3% year-on-year, due to lower payroll expenses, albeit attenuated by higher expenditures with IT systems for strengthening the technological platform and conceptual engineering projects for expansion studies.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Other operating results showed an improvement of R$ 71 million, largely the result of the provisioning in 2019 of the Conduct Adjustment Agreement (TAC) of R$ 66 million, related to the fire in 2015, and the constitution of R$ 12 million in tax credits in 2020.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultracargo reported an EBITDA of R$ 337 million in 2020. Excluding the effects of the R$ 66 million of the TAC in 2019 and the extraordinary PIS/Cofins tax credits of R$ 12 million in 2020, recurring EBITDA growth in relation to 2019 was 41%. This was mainly the result of expansions in capacity and efficiency gains at the terminals, contractual readjustments and productivity gains.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultracargo recorded investments of R$ 215 million in 2020, allocated to the construction of the new Vila do Conde terminal, to expansion at the Itaqui port terminal, acquisition of new areas and maintenance and operational safety at existing terminals.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno">16</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">MANAGEMENT REPORT 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imggqwpgltujsv04331376.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="text-align: justify; font-size: 9pt;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="width: 507.95pt; border-bottom: 2.25pt solid #051272; padding: 0px 7px 0px 4px; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; color: #051272;">Oxiteno</font></p>
</td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Oxiteno&#8217;s sales volume recorded growth of 3% in 2020. Specialty chemicals volume increased 6%, the result of robust sales to the home &amp; personal care and crop solutions segments in the domestic market, the increase of sales in the United States and higher exports. Commodity volume sales decreased 10% compared with 2019, due to reduced market demand.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenues at Oxiteno increased 22%, due to the average devaluation of 31% of the Real (R$ 1.21/US$) together with higher sales volumes but attenuated by the reduction of 6% in average prices in US Dollars following the decline in petrochemical prices in the international market.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The cost of goods sold was up by 18% in 2020, due to the average devaluation of 31% in the Real (R$ 1.21/US$) and to higher sales volume, but partially compensated by the reduction of 12% in average unit costs in US Dollars.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sales general and administrative expenses increased 13% in 2020, a result of higher freight charges (greater volume and the currency translation effect on international freight charges), the effect of exchange variation on expenses at the international units and higher amortizations of software, attenuated by lower payroll expenses and initiatives taken to cut expenses.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The other operations results reported a positive variation of R$ 151 million, mainly the result of the constitution of extraordinary PIS/Cofins tax credits of R$ 156 million in 2020.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The disposal of property line showed a positive variation of R$ 8 million, mainly due to the writing off of projects worth R$ 5 million in 2020 and the writing down of assets in the Venezuelan unit worth R$ 14 million in 2019.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Oxiteno&#8217;s EBITDA amounted to R$ 785 million in 2020. Excluding the effects of R$ 156 million in extemporary PIS/Cofins tax credits in 2020 and the writing off of Oxiteno Andina assets of R$ 14 million in 2019, growth on an annual comparison basis would have been 167%, explained largely by: (i) a greater sales volume, (ii) improvement in contribution margins in US Dollars, (iii) ramp-up of the Pasadena plant in the United States, and (iv) average devaluation of 31% on the Real (R$ 1.21/US$).</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Oxiteno invested a total of R$ 202 million in 2020, mainly in maintenance and the safety of the productive units.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="width: 507.95pt; border-bottom: 2.25pt solid #051272; padding: 0px 7px 0px 4px; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; color: #051272;">Ipiranga</font></p>
</td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sales volume at Ipiranga posted a reduction of 9% in 2020, due to the effects of the pandemic which significantly impacted fuel consumption in Brazil, mainly in the second quarter of 2020 but with a gradual recovery since then. Otto cycle segment was the most affected, recording a decrease of 14% compared with 2019, while the reduction in diesel was 3%.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenues at Ipiranga fell 12%, mainly due to lower sales volume and average fuel price volatility. The cost of goods sold also showed a decline of 12%, for the same reasons cited above affecting net revenues.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sales, general and administrative expenses fell 15%, mainly due to the reduction in payroll and freight (lower sales volume) in addition to lower provisions for doubtful accounts and costs controls on various fronts.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The other operating results line fell 77%, the result principally due to the appropriation of costs relative to Renovabio targets in the amount of R$ 124 million in 2020 and lower revenues from merchandising with suppliers as well as the setting aside of extraordinary PIS/Cofins tax credits in the two periods.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The disposal of property line reported a positive result of R$ 80 million in 2020, due to the sale of real estate as part of a more active management process for disposing Ipiranga&#8217;s points of sale.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ipiranga&#8217;s EBITDA amounted to R$ 1,712 million, a 31% decrease relative to 2019, once again mainly the result of lower sales volume and narrower margins, worsened by the volatility in fuel prices as well as the variation in other operational results. These effects were partially offset by initiatives for controlling costs and higher results from the disposal of property.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ipiranga invested a total of R$ 688 million in 2020, allocated mainly to the expanding and maintenance of the service station network and franchises as well as logistical infrastructure. Of total investments, R$ 204 million was expended in plant, property and equipment and additions to intangible assets, R$ 351 million on contractual assets (exclusive rights) and R$ 132 million in the form of drawdowns of financing to clients and advanced payments of rentals net of receipts.</font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><br></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt; height: 17px;">

<tr style="height: 17px;">
<td class="pgno" style="padding: 0px; text-align: center; height: 17px;"><font style="font-size: 10pt;" class="pageno">17</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">MANAGEMENT REPORT 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgphungpswvav04331376.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="text-align: justify; font-size: 9pt;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="width: 507.95pt; border-bottom: 2.25pt solid #051272; padding: 0px 7px 0px 4px; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; color: #051272;">Extrafarma</font></p>
</td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Extrafarma opened 2 new drugstores and closed 13 in 2020, a 3% reduction in the size of the network, which closed the year with 405 units. At the end of the year, the stores still ramping up (with up to three years of operations) represented 25% of the network, the result of greater selectivity in expansion and a more rigorous approach to underperforming stores.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Gross revenue at Extrafarma posted a reduction of 3% in 2020 due to the lower number of stores (-3%) and a reflection of the pandemic with the temporary closure of 7% of the drugstores located in shopping malls for some months during the year and to lower customer flows through the stores. These effects were offset by higher sales from same stores in operation (+4.0%), driven by the higher average ticket and by the reinforcing and expansion of sales through the digital channels.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The cost of goods sold fell 4% in 2020, largely due to lower sales. Gross profit reached R$ 589 million (-1%), equivalent to a gross margin of 28%, 0.5 p.p. higher than 2019, due mainly to better retail margins and the lower share of sales to the wholesale segment where margins are lower.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Sales, general and administrative expenses fell 11% in 2020, reflecting the smaller number of stores and initiatives taken to contain expenditures, productivity gains and logistics optimization.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The other operating results line recorded a variation of R$ 33 million negative in the comparison of 2020 versus 2019, the result of the constitution of extraordinary PIS/Cofins tax credits and social security contributions registered in 2019.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The line for disposal of property registered a positive variation of R$ 15 million, mainly due to the writing off of investments due to the closing of stores in 2019. In addition, in 2019 the company registered and impairment of goodwill on the acquisition of Extrafarma for R$ 593 million, without cash effect, due to results lower than the initial plan.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Extrafarma reported an EBITDA of R$ 84 million in 2020, a year-on-year growth of 208% excluding the impairment effects in 2019. This growth reflects the closing of underperforming stores, greater profitability from the existing network, better margins and initiatives for improving productivity and reducing expenses.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Extrafarma invested R$ 39 million in 2020, allocated mainly to the construction of the Maranh&#227;o distribution center, IT and in the maintenance and modernization of drugstores.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="width: 507.95pt; border-bottom: 2.25pt solid #051272; padding: 0px 7px 0px 4px; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; color: #051272;">Ultrapar</font></p>
</td>
</tr>

</table>
<p><br></p>
<table border="0" cellpadding="0" cellspacing="0" width="95%" style="border-collapse: collapse; width: 95%; font-family: 'times new roman'; font-size: 10pt; margin-left: auto; margin-right: auto;">

<tr style="mso-height-source: userset; height: 24.95pt;">
<td colspan="4" height="33" width="762" style="height: 24.95pt; width: 571pt; padding: 0px; color: #ffffff; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: center; background: #002060;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Income statement</font></td>
</tr>
<tr style="mso-height-source: userset; height: 6.0pt;">
<td height="8" style="height: 6pt; padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"></td>
</tr>
<tr style="height: 30.0pt;">
<td height="40" width="453" style="height: 30pt; width: 340pt; padding: 0px; color: #404040; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-width: 1pt; border-style: solid; border-color: #002060 black #002060 #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ million</font></td>
<td style="padding: 0px; color: #404040; font-size: 12pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2020</font></td>
<td style="padding: 0px; color: #404040; font-size: 12pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2019</font></td>
<td width="103" style="width: 77pt; padding: 0px; color: #404040; font-size: 12pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: 1pt solid #002060; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: normal; text-align: center;">
<p><font style="font-family: 'times new roman', times; font-size: 10pt;">&#916; (%) </font></p>
<p><font style="font-family: 'times new roman', times; font-size: 10pt;">2020v2019</font></p>
</td>
</tr>
<tr style="mso-height-source: userset; mso-outline-level: 1; height: 16.5pt;">
<td height="22" width="453" style="height: 16.5pt; border-top: none; width: 340pt; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid black; border-bottom: none; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Net revenue</font></td>
<td style="border: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">81,241</font></td>
<td style="border: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">89,298</font></td>
<td style="border-top: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #002060; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-9%</font></td>
</tr>
<tr style="mso-height-source: userset; mso-outline-level: 1; height: 16.5pt;">
<td height="22" width="453" style="height: 16.5pt; width: 340pt; padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid black; border-bottom: none; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(-) Cost of goods sold and services provided</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(75,628)</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(83,187)</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-9%</font></td>
</tr>
<tr style="mso-height-source: userset; mso-outline-level: 1; height: 16.5pt;">
<td height="22" width="453" style="height: 16.5pt; width: 340pt; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-width: 1pt; border-style: solid; border-color: #002060 black #002060 #002060; border-image: initial; white-space: normal; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(=) Gross profit</font></td>
<td style="border-left: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">5,613</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">6,111</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: 1pt solid #002060; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-8%</font></td>
</tr>
<tr style="mso-height-source: userset; mso-outline-level: 1; height: 16.5pt;">
<td height="22" width="453" style="height: 16.5pt; width: 340pt; padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid black; border-bottom: none; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(-) Selling, marketing, general and administrative expenses</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,098)</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(4,367)</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-6%</font></td>
</tr>
<tr style="mso-height-source: userset; mso-outline-level: 1; height: 16.5pt;">
<td height="22" width="453" style="height: 16.5pt; width: 340pt; padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid black; border-bottom: none; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(-) Other operating income</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">221</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">180</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">23%</font></td>
</tr>
<tr style="mso-height-source: userset; mso-outline-level: 1; height: 16.5pt;">
<td height="22" width="453" style="height: 16.5pt; width: 340pt; padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid black; border-bottom: none; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(-) Income from disposal of property</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">76</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(30)</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">na</font></td>
</tr>
<tr style="mso-height-source: userset; mso-outline-level: 1; height: 16.5pt;">
<td height="22" width="453" style="height: 16.5pt; width: 340pt; padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid black; border-bottom: none; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(-) Impairment</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(593)</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">na</font></td>
</tr>
<tr style="mso-height-source: userset; mso-outline-level: 1; height: 16.5pt;">
<td height="22" width="453" style="height: 16.5pt; width: 340pt; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-width: 1pt; border-style: solid; border-color: #002060 black #002060 #002060; border-image: initial; white-space: normal; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(=) Operating income</font></td>
<td style="border-left: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,812</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,301</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: 1pt solid #002060; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">39%</font></td>
</tr>
<tr style="mso-height-source: userset; mso-outline-level: 1; height: 16.5pt;">
<td height="22" width="453" style="height: 16.5pt; width: 340pt; padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid black; border-bottom: none; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(-) Financial result</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(269)</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(507)</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-47%</font></td>
</tr>
<tr style="mso-height-source: userset; mso-outline-level: 1; height: 16.5pt;">
<td height="22" width="453" style="height: 16.5pt; width: 340pt; padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid black; border-bottom: none; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(-) Share of profit of subsidiaries, joint ventures and associates</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(44)</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(12)</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">259%</font></td>
</tr>
<tr style="mso-height-source: userset; mso-outline-level: 1; height: 16.5pt;">
<td height="22" width="453" style="height: 16.5pt; width: 340pt; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-width: 1pt; border-style: solid; border-color: #002060 black #002060 #002060; border-image: initial; white-space: normal; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(=) Income before income and social contribution taxes</font></td>
<td style="border-left: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,499</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">782</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: 1pt solid #002060; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">92%</font></td>
</tr>
<tr style="mso-height-source: userset; mso-outline-level: 1; height: 16.5pt;">
<td height="22" width="453" style="height: 16.5pt; border-top: none; width: 340pt; padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid black; border-bottom: 1pt solid #002060; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(-) Income and social contribution taxes</font></td>
<td style="border-top: none; border-left: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: none; border-bottom: 1pt solid #002060; border-image: initial; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(571)</font></td>
<td style="border-top: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: none; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(379)</font></td>
<td style="border-top: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid #002060; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">51%</font></td>
</tr>
<tr style="mso-height-source: userset; height: 16.5pt;">
<td height="22" width="453" style="height: 16.5pt; border-top: none; width: 340pt; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid black; border-bottom: 1pt solid #002060; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(=) Net income</font></td>
<td style="border-top: none; border-left: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: none; border-bottom: 1pt solid #002060; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">928</font></td>
<td style="border-top: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: none; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">403</font></td>
<td style="border-top: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid windowtext; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">130%</font></td>
</tr>
<tr style="mso-height-source: userset; height: 16.5pt;">
<td height="22" width="453" style="height: 16.5pt; border-top: none; width: 340pt; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid black; border-bottom: 1pt solid #002060; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(=) Net income ex non-recurring*</font></td>
<td style="border-top: none; border-left: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: none; border-bottom: 1pt solid #002060; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">740</font></td>
<td style="border-top: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: none; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">869</font></td>
<td style="border-top: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid windowtext; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-15%</font></td>
</tr>

</table>
<p style="margin-top: 6pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; font-size: 8pt; margin-left: 20pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">* Excludes the non-recurring effects (in net income, effects are net of taxes):</font></p>
<ul type="disc" style="margin-left: 20pt; padding-left: 0pt;">
<li style="margin-top: 6pt; margin-left: 8.68pt; text-align: justify; page-break-inside: avoid; padding-left: 9.32pt; font-family: serif; font-size: 8pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;">2019: TAC of R$ 66 million at Ultracargo,<font style="font-style: italic;"> </font>impairment of R$ 593 million at Extrafarma and writing off of Oxiteno Andina assets of R$ 14 million at Oxiteno.</font></li>
<li style="margin-top: 6pt; margin-left: 8.68pt; text-align: justify; page-break-inside: avoid; padding-left: 9.32pt; font-family: serif; font-size: 8pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;">2020: extraordinary PIS/Cofins tax credits of R$ 156 million at Oxiteno and R$ 12 million at Ultracargo.</font></li>
</ul>
<p style="margin-top: 6pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: arial, helvetica, sans-serif; font-weight: bold; color: #1f497d; 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">18</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">MANAGEMENT REPORT 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="img3cjm12plynd04331376.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar recorded net revenues from sales and services of R$ 81,241 million in 2020, a reduction of 9% compared with 2019, mainly due to lower sales revenue at Ipiranga.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The cost of goods sold and services provided at Ultrapar was R$ 75,628 million in 2020, 9% less than in 2019, mainly due to the reduction in costs at Ipiranga.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar posted a gross profit of R$ 5,613 million in 2020, a decrease of 8% in relation to 2019, due to the decline in aggregate profit at Ipiranga, the business most affected by the pandemic, despite the increase in gross profit at Ultragaz, Ultracargo and Oxiteno.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&#8217;s selling, marketing, general and administrative expenses recorded a reduction of 6% due to various measures implemented for containing expenses at all the businesses in addition to specific factors at each business, partially attenuated by the effects of inflation.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The other operating results line registered growth of 23% compared to 2019, reflecting tax credits at Oxiteno and Ultracargo in 2020, partially compensated by the appropriation of costs with respect to Renovabio targets at Ipiranga also in 2020, TAC at Ultracargo and tax credits at Extrafarma, both in 2019.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">The increase of R$ 106 million in the disposal of property line is due principally to the sale of real estate at Ipiranga in 2020 and the closure of underperforming stores at Extrafarma and the writing off of Oxiteno Andina assets, both in 2019. The entry of R$ 593 million in 2019 in the impairment line relates to the impairment of goodwill on the acquisition of Extrafarma.</font><font style="font-size: 10pt;"><font style="font-weight: bold; color: #1f497d;">&nbsp; &nbsp;</font><font style="font-weight: bold; color: #1f497d;">&nbsp;</font></font></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;"><font style="font-weight: bold; color: #1f497d;"><br></font></font></font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 100%; padding: 0px 0px 10px;">
<p align="center" style="margin: 0cm 0cm 0.0001pt; text-align: center; font-size: 10pt; font-family: 'Century Gothic', sans-serif; color: #000000;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="EN-US">Calculation of EBITDA from net income &#8211; R$ million</font></b></font></p>
</td>
</tr>

</table>
<table border="0" cellpadding="0" cellspacing="0" width="90%" style="border-collapse: collapse; width: 90%; font-family: 'times new roman'; font-size: 10pt; margin-left: auto; margin-right: auto;">

<tr style="mso-height-source: userset; height: 24.95pt;">
<td colspan="4" height="33" width="762" style="height: 24.95pt; width: 571pt; padding: 0px; color: #ffffff; font-size: 10.5pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: center; background: #002060;"><font style="font-family: 'times new roman', times;">Income statement</font></td>
</tr>
<tr style="mso-height-source: userset; height: 6.0pt;">
<td height="8" style="height: 6pt; padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding: 0px; color: #000000; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"></td>
</tr>
<tr style="height: 30.0pt;">
<td height="40" width="453" style="height: 30pt; width: 340pt; padding: 0px; color: #404040; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-width: 1pt; border-style: solid; border-color: #002060 black #002060 #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">R$ million</font></td>
<td style="padding: 0px; color: #404040; font-size: 12pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2020</font></td>
<td style="padding: 0px; color: #404040; font-size: 12pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2019</font></td>
<td width="103" style="width: 77pt; padding: 0px; color: #404040; font-size: 12pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: 1pt solid #002060; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: normal; text-align: center;">
<p><font style="font-family: 'times new roman', times; font-size: 10pt;">&#916; (%) </font></p>
<p><font style="font-family: 'times new roman', times; font-size: 10pt;">2020v2019</font></p>
</td>
</tr>
<tr style="mso-height-source: userset; height: 16.5pt;">
<td height="22" width="453" style="height: 16.5pt; border-top: none; width: 340pt; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid black; border-bottom: 1pt solid #002060; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(=) Net income</font></td>
<td style="border-top: none; border-left: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: none; border-bottom: 1pt solid #002060; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">928</font></td>
<td style="border-top: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: none; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">403</font></td>
<td style="border-top: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid windowtext; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">130%</font></td>
</tr>
<tr style="mso-height-source: userset; height: 16.5pt;">
<td height="22" width="453" style="height: 16.5pt; border-top: none; width: 340pt; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid black; border-bottom: 1pt solid #002060; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(=) Net income ex non-recurring*</font></td>
<td style="border-top: none; border-left: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: none; border-bottom: 1pt solid #002060; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">740</font></td>
<td style="border-top: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: none; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">869</font></td>
<td style="border-top: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid windowtext; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-15%</font></td>
</tr>
<tr style="mso-height-source: userset; height: 16.5pt;">
<td height="22" width="453" style="height: 16.5pt; width: 340pt; padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid black; border-bottom: none; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(+) Income and social contribution taxes</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">571</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">379</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">51%</font></td>
</tr>
<tr style="mso-height-source: userset; height: 16.5pt;">
<td height="22" width="453" style="height: 16.5pt; width: 340pt; padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid black; border-bottom: none; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(+) Financial result</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">269</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">507</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-47%</font></td>
</tr>
<tr style="mso-height-source: userset; height: 16.5pt;">
<td height="22" width="453" style="height: 16.5pt; width: 340pt; padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid black; border-bottom: none; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(+) Depreciation and amortization</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,267</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">1,145</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">11%</font></td>
</tr>
<tr style="height: 16.5pt;">
<td height="22" width="453" style="height: 16.5pt; width: 340pt; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-width: 1pt; border-style: solid; border-color: #002060 black #002060 #002060; border-image: initial; white-space: normal; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(=) EBITDA</font></td>
<td style="border-left: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,036</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,433</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: 1pt solid windowtext; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">25%</font></td>
</tr>
<tr style="height: 16.5pt;">
<td height="22" width="453" style="height: 16.5pt; width: 340pt; padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid black; border-bottom: none; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(+) Cash flow hedge from bonds</font></td>
<td style="border: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">154</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">12</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">na</font></td>
</tr>
<tr style="height: 33.0pt;">
<td height="44" width="453" style="height: 33pt; width: 340pt; padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid black; border-bottom: 1pt solid #002060; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(+) Amortization of contractual assets with customers &#8211; exclusive rights (Ipiranga and Ultragaz)</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">289</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">355</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #002060; border-bottom: none; border-left: none; border-image: initial; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-19%</font></td>
</tr>
<tr style="height: 16.5pt;">
<td height="22" width="453" style="height: 16.5pt; border-top: none; width: 340pt; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid black; border-bottom: 1pt solid #002060; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(=) Adjusted EBITDA</font></td>
<td style="border-left: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,479</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: none; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">2,800</font></td>
<td style="padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #002060; border-right: 1pt solid windowtext; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">24%</font></td>
</tr>
<tr style="height: 16.5pt;">
<td height="22" width="453" style="height: 16.5pt; border-top: none; width: 340pt; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid black; border-bottom: 1pt solid #002060; border-left: 1pt solid #002060; border-image: initial; white-space: normal; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">(=) Adjusted EBITDA ex non-recurring*</font></td>
<td style="border-top: none; border-left: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: none; border-bottom: 1pt solid #002060; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,311</font></td>
<td style="border-top: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: none; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">3,473</font></td>
<td style="border-top: none; padding: 0px; color: #595959; font-size: 11pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-right: 1pt solid windowtext; border-bottom: 1pt solid #002060; border-left: none; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times; font-size: 10pt;">-5%</font></td>
</tr>

</table>
<p style="margin-top: 6pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; font-size: 8pt; margin-left: 35pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">* Excludes the non-recurring effects (in net income, effects are net of taxes):</font></p>
<ul type="disc" style="margin-left: 37pt; padding-left: 0pt;">
<li style="margin-top: 6pt; margin-left: 8.68pt; text-align: justify; page-break-inside: avoid; padding-left: 9.32pt; font-family: serif; font-size: 8pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;">2019: TAC of R$ 66 million at Ultracargo,<font style="font-style: italic;"> </font>impairment of<font style="font-style: italic;"> </font>R$ 593 million at Extrafarma and writing off of Oxiteno Andina assets of R$ 14 million at Oxiteno.</font></li>
<li style="margin-top: 6pt; margin-left: 8.68pt; text-align: justify; page-break-inside: avoid; padding-left: 9.32pt; font-family: serif; font-size: 8pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;">2020: extraordinary PIS/Cofins tax credits of R$ 156 million at Oxiteno and R$ 12 million at Ultracargo.</font></li>
</ul>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Adjusted EBITDA ex-non-recurring items of Ultrapar was R$ 3,311 million in 2020, a reduction of 5% compared to 2019, due to the reduction in EBITDA at Ipiranga, the business most affected by the pandemic despite the growth in EBITDA at Ultragaz, Ultracargo, Oxiteno and Extrafarma.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The total costs and expenses with depreciation and amortization&#185; in 2020 was R$ 1,557 million, an increase of 4% compared with 2019 due to investments over the period and in greater amortizations of software.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 7pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;">&#185; Includes amortization of assets of contracts with clients &#8211; exclusive rights</font></p>
<p style="margin: 0px; text-align: justify; font-size: 7pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 8pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar posted an operating profit of R$ 1,812 million in 2020, a result 39% higher than 2019, due largely to the impairment at Extrafarma in 2019.</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">19</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">MANAGEMENT REPORT 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgi050oxzgbb204331376.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 0pt; /* margin-bottom: 10pt; */text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&#8217;s financial result reported a net expense of R$ 269 million in 2020, a reduction of 47% compared with 2019, due mainly to the appropriation of interest on extemporaneous tax credits in the amount of R$ 238 million in the year.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The net income ex-non-recurring items at Ultrapar for 2020 reached R$ 740 million, a reduction of 15% compared with 2019, principally due to the lower EBITDA in the period and higher taxes, offset by lower financial expenses. </font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #1f497d;">Holding</font><font style="font-weight: bold; color: #1f497d;"> Company</font><font style="font-weight: bold; color: #1f497d;">, </font><font style="font-weight: bold; color: #1f497d;">affiliates and</font><font style="font-weight: bold; color: #1f497d;"> </font><font style="font-weight: bold; color: #1f497d;">abastece</font><font style="font-weight: bold; color: #1f497d;"> </font><font style="font-weight: bold; color: #1f497d;">a&#237;</font><font style="font-weight: bold; color: #1f497d;"> results</font></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In addition to the results from the five principal businesses, Ultrapar posted a negative result of R$ 169 million in 2020, made up mainly of: (i) R$ 107 million of Holding Company expenses, (ii) R$ 42 million negative EBITDA with <font style="font-style: italic;">abastece</font><font style="font-style: italic;"> </font><font style="font-style: italic;">a&#237;</font> (new digital payments company), due to payroll, technology and marketing expenses for structuring and growth of the business; and (iii) R$ 20 million negative EBITDA with affiliates.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #1f497d; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #1f497d; font-size: 10pt;">Debt</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar closed the fiscal year 2020 with gross debt of R$ 17,376 million and cash and cash equivalents of R$ 8,672 million, representing a net debt of R$ 8,704 million. Considering leasing payable (IFRS 16), net debt totals R$ 10,537 million, an increase of R$ 268 million in relation to 2019. Net debt at the end of 2020 corresponds to 3.0x EBITDA for the past 12 months, stability in relation to the end of 2019, excluding the impairment at Extrafarma.</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="width: 507.95pt; border-bottom: 2.25pt solid #051272; padding: 0px 7px 0px 4px; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold; color: #051272;">Investments </font><font style="font-weight: bold; color: #051272;">and</font><font style="font-weight: bold; color: #051272;"> </font><font style="font-weight: bold; color: #051272;">perspectiv</font><font style="font-weight: bold; color: #051272;">e</font><font style="font-weight: bold; color: #051272;">s</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"><font style="height: 0pt; margin-top: -6pt; text-align: left; display: block; position: absolute; z-index: 3;"><br></font></font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 100%; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;"> <b style="mso-bidi-font-weight: normal;"><font lang="EN-US" style="color: #000000;">Organic investments by business &#8211; R$ million</font></b></font></td>
</tr>

</table>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"><img src="img0drhnm4gn1k04331376.jpg" style="-aw-left-pos: 0pt; -aw-rel-hpos: column; -aw-rel-vpos: paragraph; -aw-top-pos: 0pt; -aw-wrap-type: inline;" alt="Image14"></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2020, investments at Ultrapar, net of divestments and receivables, totaled R$ 1.5 billion, a decline of 6% compared to the amount invested in 2019, mainly due to the preventive reduction of investments in 2020 as a cash containment measure with the uncertainties arising from the pandemic and lower growth in the markets.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&#8217;s investment plan for 2021 totals R$ 1,891 million, an amount greater than that invested in 2019 and 2020.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The expansion portion, which represents around half of the investment plan, prioritizes the growth of the businesses through capacity expansion or efficiency and productivity gains, leading to better returns, in line with the Company's strategic planning. The main investments in expansion contemplated in the plan for 2021 are concentrated in Ipiranga, Ultracargo and Ultragaz.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ipiranga&#8217;s expansion investments focus on (i) the expansion of the logistics infrastructure, with the construction of logistics facilities in Bel&#233;m (PA), Cabedelo (PB), Vit&#243;ria (ES) (concessions won in 2019) and Fortaleza (CE), (ii) the growth of the service stations network, through the addition of service stations with larger throughput, prioritizing volume growth, and (iii) the expansion of AmPm company-operated stores and new franchises.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultracargo&#8217;s expansion investments will be directed to the construction of the terminal in Vila do Conde (PA) and to the expansion of the Itaqui (MA) terminal, amounting to R$ 280 million, which will result in a 19% growth in the company&#8217;s current storage capacity.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultragaz will invest in expansion to build new bottling plants in Bel&#233;m (PA) and Fortaleza (CE), amounting to about R$ 70 million in 2021, and to attract new clients mainly in the bulk segment.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Oxiteno and Extrafarma will focus their expansion investments in logistics optimization to increase productivity and in the growth of its digital platforms, respectively.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">About half of the investment plan for 2021 will be directed to the sustaining of the businesses, including mainly investments in safety, maintenance of assets and market share, renovation and remodeling of points of sales, as well as investments in information technology.</font></font><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><br></font></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"><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">20</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">MANAGEMENT REPORT 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imglpt2n3q05rp04331376.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 6pt; margin-bottom: 6pt; text-align: justify; font-size: 9pt;"><font style="font-size: 10pt;">&nbsp;</font><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="width: 511.75pt; border-bottom: 2.25pt solid #051272; padding: 0px 4px; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold; color: #051272;">Rela</font><font style="font-weight: bold; color: #051272;">tions with the Independent Auditors</font></font></p>
</td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The Company has a policy for hiring the services to be rendered by the independent auditors &#8211; included as an attachment to the Audit and Risks Committee Charter &#8211; guaranteeing that there is no conflict of interests, loss of independence or objectivity in the auditing services of the financial statements to be provided by the independent auditors.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Pursuant to CVM Instruction 381/2003, we inform that during the fiscal year of 2020, we contracted from our independent auditors different works from that co-related to the auditing of the financial statements, representing 12% of the global remuneration in fees for the external audit services. Services rendered relate to the revision of the Tax Accounting Bookkeeping, auditing for the emission of a comfort letter in connection with the offer of securities and reviewing of tax credits totaling R$ 1,156 thousand. The period for providing these services was less than one year.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Our independent auditors declare to the Management of the Company that the services rendered did not affect the independence and objectivity necessary to perform the external audit services of the financial statements.</font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"><br></font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: arial, helvetica, sans-serif; font-size: 10pt;"><br></font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><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">21</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="-aw-different-first-page: true; -aw-headerfooter-type: header-primary; clear: both;">
<p style="margin-top: 0pt; margin-right: 18pt; margin-bottom: 0pt; font-size: 10pt;"><font style="width: 216pt; display: inline-block; font-family: 'times new roman', times; font-size: 10pt;"> <img src="imgfjzwd1yir0u04331377.jpg" alt="Graphics"><br></font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9.5pt;"><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;">February</font><font style="font-weight: bold;"> </font><font style="font-weight: bold;">2</font><font style="font-weight: bold;">4</font><font style="font-weight: bold;">, </font><font style="font-weight: bold;">202</font><font style="font-weight: bold;">1</font> &#8211; <font style="font-weight: bold; color: #051272;">Ultrapar</font><font style="font-weight: bold; color: #051272;"> </font><font style="font-weight: bold; color: #051272;">P</font><font style="font-weight: bold; color: #051272;">a</font><font style="font-weight: bold; color: #051272;">rticipa&#231;&#245;es</font><font style="font-weight: bold; color: #051272;"> S.A</font><font style="font-weight: bold; color: #051272;">.</font><font style="color: #051272;"> </font>(&#8220;Company&#8221; or &#8220;Ultrapar&#8221;, B3: UGPA3 / NYSE: UGP), a company engaged in the oil &amp; gas chain through Ipiranga, Ultragaz and Ultracargo, specialty chemicals through Oxiteno and retail pharmacy with Extrafarma, today announces its results for the fourth quarter 2020.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 198px; width: 100%;" width="100%">

<tr style="height: 34px;">
<td style="width: 138.95pt; border-bottom: 2.25pt dotted #002060; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #404040; font-size: 10pt;">Net revenues</font></p>
</td>
<td style="width: 199.95pt; border-bottom: 2.25pt dotted #002060; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #404040;">Adjusted </font><font style="font-weight: bold; color: #404040;">EBITDA</font></font></p>
</td>
<td style="width: 138.9pt; border-bottom: 2.25pt dotted #002060; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #404040; font-size: 10pt;">Net income</font></p>
</td>
</tr>
<tr style="height: 61px;">
<td style="width: 138.95pt; border-top: 2.25pt dotted #002060; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #f2f2f2; height: 61px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 14pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #404040;">R$ </font><font style="font-weight: bold; color: #404040;">2</font><font style="font-weight: bold; color: #404040;">3</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 14pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #404040; font-size: 10pt;">billion</font></p>
</td>
<td style="width: 199.95pt; border-top: 2.25pt dotted #002060; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #f2f2f2; height: 61px;">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 14pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #404040;">R$ </font><font style="font-weight: bold; color: #404040;">949</font></font><br><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #404040;">million</font><font style="font-weight: bold; color: #404040;">&#185;</font></font></p>
</td>
<td style="width: 138.9pt; border-top: 2.25pt dotted #002060; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #f2f2f2; height: 61px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 14pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #404040;">R$ </font><font style="font-weight: bold; color: #404040;">43</font><font style="font-weight: bold; color: #404040;">2</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 14pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #404040; font-size: 10pt;">million</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 138.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 5pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #404040; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 199.95pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 10pt; font-size: 5pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #404040; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 138.9pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; height: 10px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 5pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #404040; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 32px;">
<td style="width: 138.95pt; border-bottom: 2.25pt dotted #002060; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 32px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #404040; font-size: 10pt;">Investments</font></p>
</td>
<td style="width: 199.95pt; border-bottom: 2.25pt dotted #002060; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 32px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #404040;">Cash flow from operations</font><font style="font-weight: bold; color: #404040;"> </font><font style="font-weight: bold; color: #404040;">2020</font></font></p>
</td>
<td style="width: 138.9pt; border-bottom: 2.25pt dotted #002060; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 32px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #404040; font-size: 10pt;">Market cap</font></p>
</td>
</tr>
<tr style="height: 61px;">
<td style="width: 138.95pt; border-top: 2.25pt dotted #002060; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #f2f2f2; height: 61px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 14pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #404040;">R$</font><font style="font-weight: bold; color: #404040;"> </font><font style="font-weight: bold; color: #404040;">485</font></font><br><font style="font-family: 'times new roman', times; font-weight: bold; color: #404040; font-size: 10pt;">million</font></p>
</td>
<td style="width: 199.95pt; border-top: 2.25pt dotted #002060; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #f2f2f2; height: 61px;">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 14pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #404040;">R$ </font><font style="font-weight: bold; color: #404040;">3</font><font style="font-weight: bold; color: #404040;">.</font><font style="font-weight: bold; color: #404040;">1</font></font><br><font style="font-family: 'times new roman', times; font-weight: bold; color: #404040; font-size: 10pt;">billion</font></p>
</td>
<td style="width: 138.9pt; border-top: 2.25pt dotted #002060; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top; background-color: #f2f2f2; height: 61px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 14pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #404040;">R$</font><font style="color: #404040;"> </font><font style="font-weight: bold; color: #404040;">2</font><font style="font-weight: bold; color: #404040;">6</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 14pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #404040; font-size: 10pt;">billion</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&#185; Includes R$ 85 million of non-recurring tax credits at Oxiteno </font></p>
<p style="margin-top: 6pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #051272; font-size: 10pt;">Highlights</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9.5pt;"><font style="font-family: 'times new roman', times; font-style: italic; font-size: 10pt;">&nbsp;</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 9.14pt; margin-bottom: 10pt; text-align: justify; padding-left: 8.86pt; font-family: serif; font-size: 9pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">R</font><font style="font-weight: bold; font-style: italic;">esili</font><font style="font-weight: bold; font-style: italic;">ence of</font><font style="font-weight: bold; font-style: italic;"> </font><font style="font-weight: bold; font-style: italic;">Ultrapar</font><font style="font-weight: bold; font-style: italic;">&#8217;s</font><font style="font-weight: bold; font-style: italic;"> portfolio</font><font style="font-style: italic;">, </font><font style="font-style: italic;">with</font><font style="font-style: italic;"> </font><font style="font-weight: bold; font-style: italic;">record results</font><font style="font-style: italic;"> </font><font style="font-style: italic;">in</font><font style="font-style: italic;"> 2020 </font><font style="font-style: italic;">at</font><font style="font-style: italic;"> </font><font style="font-weight: bold; font-style: italic;">Oxiteno</font><font style="font-weight: bold; font-style: italic;">,</font><font style="font-weight: bold; font-style: italic;"> </font><font style="font-weight: bold; font-style: italic;">Ultragaz</font><font style="font-weight: bold; font-style: italic;"> </font><font style="font-weight: bold; font-style: italic;">and</font><font style="font-weight: bold; font-style: italic;"> </font><font style="font-weight: bold; font-style: italic;">Ultracargo</font><font style="font-weight: bold; font-style: italic;"> </font><font style="font-style: italic;">and </font><font style="font-weight: bold; font-style: italic;">strong growth in results at</font><font style="font-weight: bold; font-style: italic;"> </font><font style="font-weight: bold; font-style: italic;">Extrafarma</font><font style="font-style: italic;">, </font><font style="font-style: italic;">softening</font><font style="font-style: italic;"> </font><font style="font-style: italic;">the </font><font style="font-style: italic;">effects on </font><font style="font-style: italic;">Ultrapar</font><font style="font-style: italic;"> from the impacts of</font><font style="font-style: italic;"> the pandemic </font><font style="font-style: italic;">at</font><font style="font-style: italic;"> </font><font style="font-style: italic;">Ipiranga</font><font style="font-style: italic;">.</font></font></li>
<li style="margin-left: 9.14pt; margin-bottom: 10pt; text-align: justify; padding-left: 8.86pt; font-family: serif; font-size: 9pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">D</font><font style="font-weight: bold; font-style: italic;">isciplin</font><font style="font-weight: bold; font-style: italic;">e in </font><font style="font-weight: bold; font-style: italic;">the </font><font style="font-weight: bold; font-style: italic;">control of costs and expenses and greater selectivity in the </font><font style="font-weight: bold; font-style: italic;">capital </font><font style="font-weight: bold; font-style: italic;">allocation</font><font style="font-style: italic;">, </font><font style="font-style: italic;">without sacrificing </font><font style="font-style: italic;">key</font><font style="font-style: italic;"> </font><font style="font-style: italic;">investments</font><font style="font-style: italic;"> o</font><font style="font-style: italic;">r compromising the future growth of the Company</font><font style="font-style: italic;">, result</font><font style="font-style: italic;">ing in</font><font style="font-style: italic;"> </font><font style="font-weight: bold; font-style: italic;">record post</font><font style="font-weight: bold; font-style: italic;">-</font><font style="font-weight: bold; font-style: italic;"> investment</font><font style="font-style: italic;"> </font><font style="font-weight: bold; font-style: italic;">opera</font><font style="font-weight: bold; font-style: italic;">tional cash generation at</font><font style="font-weight: bold; font-style: italic;"> </font><font style="font-weight: bold; font-style: italic;">Ultrapar</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> re</font><font style="font-style: italic;">inforcing ou</font><font style="font-style: italic;">r</font><font style="font-style: italic;"> commitment to financial soundness</font><font style="font-style: italic;">.</font></font></li>
<li style="margin-left: 9.14pt; margin-bottom: 10pt; text-align: justify; padding-left: 8.86pt; font-family: serif; font-size: 9pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">Net income of R$ 928 million in 2020</font><font style="font-style: italic;">, 130% </font><font style="font-style: italic;">growth</font><font style="font-style: italic;"> </font><font style="font-style: italic;">over 2019, of which</font><font style="font-weight: bold; font-style: italic;"> </font><font style="font-weight: bold; font-style: italic;">R$ 480 </font><font style="font-weight: bold; font-style: italic;">million</font><font style="font-weight: bold; font-style: italic;"> </font><font style="font-weight: bold; font-style: italic;">will be distributed as</font><font style="font-weight: bold; font-style: italic;"> </font><font style="font-weight: bold; font-style: italic;">dividends</font><font style="font-style: italic;">, represent</font><font style="font-style: italic;">ing a</font><font style="font-style: italic;"> payout </font><font style="font-style: italic;">of</font><font style="font-style: italic;"> 5</font><font style="font-style: italic;">2</font><font style="font-style: italic;">% </font><font style="font-style: italic;">on </font><font style="font-style: italic;">Ultrapar&#8217;s</font><font style="font-style: italic;"> </font><font style="font-style: italic;">consolidated </font><font style="font-style: italic;">net income</font><font style="font-style: italic;">.</font> </font></li>
<li style="margin-left: 9.14pt; margin-bottom: 10pt; text-align: justify; padding-left: 8.86pt; font-family: serif; font-size: 9pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; font-style: italic;">Organic investment plan for</font><font style="font-weight: bold; font-style: italic;"> 2021</font><font style="font-style: italic;"> </font><font style="font-weight: bold; font-style: italic;">total</font><font style="font-weight: bold; font-style: italic;">ing</font><font style="font-weight: bold; font-style: italic;"> R$ 1</font><font style="font-weight: bold; font-style: italic;">.</font><font style="font-weight: bold; font-style: italic;">9 bil</font><font style="font-weight: bold; font-style: italic;">lion</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> </font><font style="font-style: italic;">concentrated </font><font style="font-style: italic;">mainly </font><font style="font-style: italic;">i</font><font style="font-style: italic;">n </font><font style="font-style: italic;">expansion at</font><font style="font-style: italic;"> </font><font style="font-style: italic;">Ipiranga</font><font style="font-style: italic;">, </font><font style="font-style: italic;">Ultracargo</font><font style="font-style: italic;"> </font><font style="font-style: italic;">and</font><font style="font-style: italic;"> </font><font style="font-style: italic;">Ultragaz</font><font style="font-style: italic;"> as</font><font style="font-style: italic;"> well as</font><font style="font-style: italic;"> for</font><font style="font-style: italic;"> maintenance</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> renova</font><font style="font-style: italic;">tion</font><font style="font-style: italic;">, tec</font><font style="font-style: italic;">h</font><font style="font-style: italic;">nolog</font><font style="font-style: italic;">y</font><font style="font-style: italic;"> and safety at all the businesses</font><font style="font-style: italic;">. </font></font></li>
<li style="margin-left: 9.14pt; margin-bottom: 10pt; text-align: justify; padding-left: 8.86pt; font-family: serif; font-size: 9pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic;">Inclusion of </font><font style="font-style: italic;">a</font><font style="font-weight: bold; font-style: italic;"> section of projections with the EBITDA guidance </font><font style="font-weight: bold; font-style: italic;">for </font><font style="font-weight: bold; font-style: italic;">Ultrapar</font><font style="font-weight: bold; font-style: italic;"> and its businesses</font><font style="font-weight: bold; font-style: italic;"> for 2021</font><font style="font-style: italic;">, to provide more transparency about the expectations</font><font style="font-style: italic;"> of results for</font><font style="font-style: italic;"> the year.</font></font></li>
<li style="margin-left: 9.14pt; text-align: justify; padding-left: 8.86pt; font-family: serif; font-size: 9pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic;">C</font><font style="font-style: italic;">yberattack o</font><font style="font-style: italic;">n</font><font style="font-style: italic;"> our </font><font style="font-style: italic;">i</font><font style="font-style: italic;">nformation </font><font style="font-style: italic;">t</font><font style="font-style: italic;">echnology environment in January 2021</font><font style="font-style: italic;"> &#8211;</font><font style="font-style: italic;"> resulting in the temporary shutdown of some systems</font><font style="font-style: italic;"> </font><font style="font-style: italic;">&#8211; with no expectation of having</font><font style="font-style: italic;"> significant impact on the consolidated results</font><font style="font-style: italic;">.</font> <font style="font-style: italic;">Ultrapar</font><font style="font-style: italic;"> </font><font style="font-style: italic;">has a specific insurance policy </font><font style="font-style: italic;">for</font> <font style="font-style: italic;">such cybernetic </font><font style="font-style: italic;">events</font>, <font style="font-style: italic;">which</font><font style="font-style: italic;"> has</font><font style="font-style: italic;"> already</font><font style="font-style: italic;"> been </font><font style="font-style: italic;">triggered</font><font style="font-style: italic;">.</font></font></li>
</ul>
<br>
<p style="margin: 0pt 0pt 10pt;"><img src="img5xi0qgzcmek04331378.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"><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;"><br></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p><br></p>
<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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4<sup>th</sup> QUARTER 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgf324rjb2znm04331378.jpg" alt="Graphics"></td>
</tr>

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

<tr style="height: 7.1pt;">
<td style="width: 511.75pt; border-bottom: 2.25pt solid #051272; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold; color: #051272;">Message from the Management 2020</font></font></p>
</td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2020, our businesses began the year on a promising note, driven by the positive macroeconomic outlook in Brazil. However, from March, the novel coronavirus pandemic brought severe consequences for the global economy, strongly affecting Brazil. In addition to the economic impacts, precautionary measures of social distancing and restrictions on personal mobility accelerated the tendency towards structural changes, among them remote working and virtual interconnectivity among people.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">We were quick to adapt our operations at the first signs of the pandemic, allowing us to continue our role as a provider of essential products and services to the society, with no interruptions or discontinuity. We supported our resellers and partners, took care of our employees&#8217; health and safety, maintained our financial soundness, and contributed to the national effort of providing a social safety net on different fronts. Crowning this endeavor and dedication, in 2020 we reported good results and took important steps to accelerate growth and value creation for the Company in the future.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In order to help curbing the effects of the pandemic, we dedicated approximately R$ 37 million to social initiatives, including the construction of hospitals, donations of basic baskets of goods, meals, hospital equipment, LPG, and other materials, in addition to items of hygiene.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In light of the uncertainties caused by the pandemic in the first few months and to ensure a continued high level of liquidity, we adopted a process of greater selectivity in our investments, raised new lines of financing and negotiated more elastic payment terms with our suppliers. On the other side, we worked with our partners and clients, negotiating measures to ease pressures on their working capital, thus contributing to ensure the integrity and continuity of the value chains we are part of.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The year 2020 underscored the resilience of our business portfolio, with growing results at all our businesses with the exception of Ipiranga, which the activity was directly impacted by social distancing measures and restrictions on mobility.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The net revenue amounted to R$ 81.2 billion, 9% less than 2019, and was directly affected by the pandemic. Despite this, the Company recorded an EBITDA of R$ 3.5 billion, or 4.3% EBITDA margin, representing an improved margin compared to the 3.1% in 2019. Net income increased from R$ 403 million in 2019 to R$ 928 million in 2020, R$ 480 million of which will be distributed via dividends to the shareholders. The operational cash generation (after investments) was a record, totaling R$ 2.1 billion and contributing to the gradual reduction in our financial leverage. We closed the year with a cash position of R$ 8.7 billion and duration of our debt standing at 4.6 years.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Detailing the performance of our businesses, beginning with Ultragaz, we were able to report record results in 2020 based on demand growth for LPG for residential consumption and initiatives adopted for reducing costs and expenses. The company continues to invest in expanding its footprint in the North and the Northeast regions of the country, in the development of new digital channels with clients and resellers, and in the development of new LPG applications for corporate use, thereby opening up new markets and growth fronts.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultracargo was also able to report record results with the expansions concluded at the port terminals of Santos and Itaqui, as well as gains in productivity and efficiency. The company continued investing to expand capacity and capillarity at domestic ports throughout Brazil, including a new terminal in Vila do Conde (PA), providing greater level of competitiveness in the North region. Optimization in the execution of investment projects, both in timeframe and cost, has been key to allow growing cash generation and return on invested capital.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Oxiteno reported a year of robust growth in results, driven by the increase in demand for specialty chemicals, mainly in the home &amp; personal care and crop solutions segments. Currency devaluation also helped to improve results since many of the company&#8217;s products remain referenced to international prices. Additionally, the company optimized its cost structure and increased its operational efficiency, further ramping up capacity utilization at its plant in the United States together with its penetration in that market.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ipiranga was the business most affected by the pandemic, like other companies in the sector, due to the strong retraction in demand for fuels, most notably in the second quarter. Strong price volatility throughout the year also contributed to a pressure on margins at both distributors and service station networks nationwide. In face of these challenges, the company took firm measures to reduce costs and expenses, as well as in the management of working capital and in the selectivity of investments, measures that helped to compensate a large portion of the reduction in revenues and to generate a solid operational cash flow. It is important to highlight Ipiranga&#8217;s leading role in offering support mechanisms to its resellers during the most critical phase of the pandemic. Not only did this contribute to ensuring uninterrupted fuel supplies to the population, but it also served to strengthen the bond with its network.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno">2</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<table style="font-size: 10pt; width: 99.8365%; text-indent: 0px; margin-left: 0.1px; font-family: 'times new roman'; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; float: none; display: inline !important;">4<sup>th</sup> QUARTER 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgxxl2xeaevyw04331378.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Still in the context of Ipiranga, AmPm concluded a comprehensive project for reviewing its business model, involving the repositioning of the brand, a revision of the product sales mix, new store layout and the development of sales through digital channels. In addition to the traditional franchise model, AmPm began to manage 55 company-operated stores during the year, with promising initial results.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Extrafarma was also directly affected by the pandemic with some of its drugstores (in shopping centers, about 7% of the network) closed or with restricted opening hours for a large part of the year. Despite this, the company registered record results in the second half, thanks to greater selectivity in expansion, a more rigorous process of closing underperforming units, investments in logistics and IT and gains in productivity and management of expenses. Private label products and sales through digital channels presented significant progress in 2020, with good prospects for the future.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Finally, in July we created a new company in the digital payments and electronic retailing segment combining the &#8220;<font style="font-style: italic;">abastece</font><font style="font-style: italic;"> </font><font style="font-style: italic;">a&#237;</font>&#8221; (&#8220;fill up here&#8221;) app and the loyalty program &#8220;<font style="font-style: italic;">Km de </font><font style="font-style: italic;">Vantagens</font>&#8221; (Km of Advantages Program), the largest one in the country. This initiative is designed to accelerate the capture of value of these platforms and expansion in the services provided, with the potential for creating a digital ecosystem of sizeable proportions and capillarity. Since August, when the new app was launched, more than 2.3 million digital accounts have been created with the total number of transactions processed surpassing R$ 3.5 billion, demonstrating rapid consumer acceptance, as well as the growth potential of the business.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">We are beginning 2021 well positioned for the future. On one hand, we believe our strategic orientation of prioritizing the capital allocation to the downstream value chain of the oil &amp; gas sector leaves us in a good position to explore opportunities arising from the opening up of the refining market to the private sector, as well as the expansion of the natural gas chain in Brazil. On the other hand, we have improved our management and governance model, with the businesses increasing their accountability for results, a greater integration between the Executive Board and Board of Directors, and greater agility and soundness in the decision-making process. And finally, we continue to dedicate efforts to strengthening our pipeline of business leaders, the foundation for sustaining growth and the continuing value creation for the Company.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Our investment plan for 2021 totals R$ 1.9 billion and exceeds the amounts invested in the past two years, with expansion projects being concentrated on Ipiranga, Ultragaz and Ultracargo. Acquisitions that may occur are not taken into consideration in this plan and will represent additional investments.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Finally, we have intensified our attention and dedication of resources to themes related to ESG. In 2020, we developed our materiality matrix, approved our Sustainability Policy, and published our first Integrated Report following the GRI guidelines. In 2021, the ESG front will boosted by the creation of the Sustainability and Corporate Affairs executive position. This will accelerate and integrate the efforts and actions of the various businesses of the Group in a unified and objective agenda with enhanced visibility, also including clearly defined and disseminated targets.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">We would like to thank all our stakeholders for their trust and support. A special thanks goes to all our employees, both those on the front line as well as those working remotely from home, for their tireless dedication and solid commitment with our purpose, which is to create value for the society by investing in companies that are sustainable and essential for people&#8217;s lives.</font></p>
<p style="margin-top: 8pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; line-height: 115%; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #ff0000; 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%">

<tr style="height: 14.95pt;">
<td style="width: 212.2pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Pedro Wongtschowski</font></p>
</td>
<td style="width: 212.25pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Frederico Fleury Curado</font></p>
</td>
</tr>
<tr>
<td style="width: 212.2pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Chairman of the Board of Directors</font></p>
</td>
<td style="width: 212.25pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Chief Executive Officer</font></p>
</td>
</tr>

</table>
<p style="margin-top: 8pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 8pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 8pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 8pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno">3</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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="font-size: 10pt; width: 99.8365%; text-indent: 0px; margin-left: 0.1px; font-family: 'times new roman'; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; float: none; display: inline !important;">4<sup>th</sup> QUARTER 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imghjmmtw53qzv04331378.jpg" alt="Graphics"></td>
</tr>

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

<tr style="height: 7.1pt;">
<td style="width: 511.75pt; border-bottom: 2.25pt solid #051272; padding-right: 3.5pt; padding-left: 3.5pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; color: #051272;">Considerations on the financial and operational information</font></p>
</td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; break-inside: avoid; line-height: 115%; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; line-height: 1.3; font-size: 9pt; text-indent: 0px;"><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) norms. The financial information of Ultrapar corresponds to the Company&#8217;s consolidated information. The information on Ultragaz, Ultracargo, Oxiteno, Ipiranga and Extrafarma is reported without the elimination of intersegment transactions. Therefore, the sum of such information may not correspond to Ultrapar&#8217;s consolidated information. Additionally, the financial and operational information presented in this document is subject to rounding and consequently, the total amounts presented in the tables and charts may differ from the direct sum of the amounts that precede them.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; line-height: 115%; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; line-height: 115%; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;">All the financial information shown in this document includes the adoption of the IFRS 16 norm and the segregation of certain expenses pertaining to the Holding.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; line-height: 115%; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; line-height: 1.3; font-size: 9pt; text-indent: 0px;"><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 from bonds; and EBIT &#8211; Earnings Before Interest and Taxes on Income and Social Contribution on Net Income is presented in accordance with Instruction 527, issued by the Brazilian Securities and Exchange Commission - CVM on October 4, 2012. The calculation of EBITDA based on net earnings is shown below:</font></p>
<p style="margin-top: 6pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; line-height: 115%; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 476px; border-collapse: collapse; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 15px;">
<td height="21" style="height: 15px; width: 355px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><br></td>
<td style="width: 22px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td colspan="5" style="border: 1pt solid #bfbfbf; width: 252px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: normal; text-align: center; background: #f2f2f2; height: 15px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>Quarter<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="width: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td colspan="3" style="border: 1pt solid #bfbfbf; width: 164px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; white-space: nowrap; text-align: center; background: #f2f2f2; height: 15px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>Accumulated<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
</tr>
<tr style="height: 10px;">
<td height="7" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 355px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px; width: 22px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px; width: 79px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 10px; width: 7px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px; width: 77px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 10px; width: 5px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px; width: 77px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 10px; width: 14px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px; width: 79px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 10px; width: 5px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px; width: 77px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 355px;"><font style="font-family: 'times new roman', times;">R$ million</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 13px; width: 21px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 78px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="width: 6px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: normal; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px; width: 76px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q19<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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 4px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px; width: 76px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>3Q20<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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 78px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 13px;"><font style="font-family: 'times new roman', times;">2020</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 4px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px; width: 76px;"><font style="font-family: 'times new roman', times;">2019</font></td>
</tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 355px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 6px; width: 22px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 79px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 7px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 77px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 77px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 79px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 77px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 355px;"><font style="font-family: 'times new roman', times;">Net income</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 22px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>431.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(267.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>277.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>927.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>402.9</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 344px;"><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: 12px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 11px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>214.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(18.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>163.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>571.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>378.6</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 344px;"><font style="font-family: 'times new roman', times;">(+) Net financial (income) expenses</font></td>
<td style="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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 11px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(136.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>252.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>157.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>269.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>506.9</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 344px;"><font style="font-family: 'times new roman', times;">(+) Depreciation and amortization</font></td>
<td style="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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 11px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>326.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>301.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>323.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,267.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,144.7</font></td>
</tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; width: 355px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 6px; width: 22px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 79px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 7px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 77px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 5px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 77px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 79px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 5px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 77px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 355px;"><font style="font-family: 'times new roman', times;">EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 21px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px; width: 78px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>836.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 6px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px; width: 76px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>267.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 4px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px; width: 76px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>921.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px; width: 78px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,035.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 4px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px; width: 76px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,433.1</font></td>
</tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 344px;"></td>
<td style="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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 6px; width: 11px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 79px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 7px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 77px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 77px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 79px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 77px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 355px;"><font style="font-family: 'times new roman', times;">Adjustments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 22px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 7px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"></td>
</tr>
<tr style="height: 27px;">
<td height="36" style="height: 27px; width: 344px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">(+) Amortization of contractual assets with customers - exclusive rights (Ipiranga)</font></td>
<td style="width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left; background: white; height: 27px;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 27px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>64.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 27px; width: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 27px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>81.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 27px; width: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 27px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>73.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 27px; width: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 27px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>287.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 27px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 27px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>355.1</font></td>
</tr>
<tr style="height: 27px;">
<td height="36" style="height: 27px; width: 344px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">(+) Amortization of contractual assets with customers - exclusive rights (Ultragaz)</font></td>
<td style="width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left; background: white; height: 27px;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 27px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 27px; width: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 27px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 27px; width: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 27px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 27px; width: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 27px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 27px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 27px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.2</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 344px;"><font style="font-family: 'times new roman', times;">(+) <font class="font5">Cash flow hedge from bonds</font><font class="font6"> (Oxiteno)</font></font></td>
<td style="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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 11px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>47.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>11.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>42.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>153.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>11.9</font></td>
</tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 355px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 6px; width: 22px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 79px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 7px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 77px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 77px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 79px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 77px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 355px;"><font style="font-family: 'times new roman', times;">Adjusted EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 21px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px; width: 78px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>949.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 6px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px; width: 76px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>361.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 4px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px; width: 76px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,038.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px; width: 78px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,478.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 4px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px; width: 76px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,800.3</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 344px;"><font style="font-family: 'times new roman', times;">Ultragaz</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 22px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>154.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>167.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>222.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>729.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>586.7</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 344px;"><font style="font-family: 'times new roman', times;">Ultracargo</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 22px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>77.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>53.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>78.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>337.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>164.8</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 344px;"><font style="font-family: 'times new roman', times;">Oxiteno</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 22px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>261.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>56.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>168.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>784.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>221.6</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 344px;"><font style="font-family: 'times new roman', times;">Ipiranga</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 22px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>487.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>699.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>565.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,711.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,486.6</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 344px;"><font style="font-family: 'times new roman', times;">Extrafarma</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 22px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>34.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(603.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>27.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>84.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(565.9)</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 344px;"><font style="font-family: 'times new roman', times;">Holding/Others</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 22px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(65.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(12.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(24.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(169.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(93.5)</font></td>
</tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 355px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 6px; width: 22px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 79px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 7px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 77px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 77px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 79px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 77px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 355px;"><font style="font-family: 'times new roman', times;">Non-recurring items that affected EBITDA</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 22px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 7px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 344px;"><font style="font-family: 'times new roman', times;">(+) <font class="font5">Impairment (Extrafarma)</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 22px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 7px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>593.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>593.3</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 344px;"><font style="font-family: 'times new roman', times;">(+) TAC (Ultracargo)</font></td>
<td style="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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 11px;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>65.5</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 344px;"><font style="font-family: 'times new roman', times;">(+) Write-off of Oxiteno Andina's assets (Oxiteno)</font></td>
<td style="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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 11px;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>14.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>14.0</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 344px;"><font style="font-family: 'times new roman', times;">(-) Tax credits (Ultracargo)</font></td>
<td style="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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 11px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(11.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 344px;"><font style="font-family: 'times new roman', times;">(-) Tax credits (Oxiteno)</font></td>
<td style="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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 11px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(84.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(155.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 6px;">
<td height="8" style="height: 6px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 355px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 6px; width: 22px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 79px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 77px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 5px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 77px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 79px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 6px; width: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 6px; width: 77px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 355px;"><font style="font-family: 'times new roman', times;">EBITDA ex-non-recurring items</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 21px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px; width: 78px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>864.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 6px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px; width: 76px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>968.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 4px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px; width: 76px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,038.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px; width: 78px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,311.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px; width: 4px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 13px; width: 76px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,473.1</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 344px;"><font style="font-family: 'times new roman', times;">Ultragaz</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 22px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>154.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>167.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>222.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>729.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>586.7</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 344px;"><font style="font-family: 'times new roman', times;">Ultracargo</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 22px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>77.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>53.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>78.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>325.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>230.4</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 344px;"><font style="font-family: 'times new roman', times;">Oxiteno</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 22px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>177.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>70.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>168.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>629.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>235.6</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 344px;"><font style="font-family: 'times new roman', times;">Ipiranga</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 22px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>487.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>699.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>565.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,711.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,486.6</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 344px;"><font style="font-family: 'times new roman', times;">Extrafarma</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 13px; width: 22px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>34.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(10.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>27.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>84.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>27.4</font></td>
</tr>
<tr style="height: 10px;">
<td height="18" 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 344px;"><font style="font-family: 'times new roman', times;">Holding/Others</font></td>
<td style="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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 10px; width: 11px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(65.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px; width: 7px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(12.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(24.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px; width: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px; width: 79px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(169.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px; width: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 10px; width: 77px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(93.5)</font></td>
</tr>

</table>
<p style="margin-top: 6pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; line-height: 115%; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; height: 13px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 13px;">
<td class="pgno" style="padding: 0px; text-align: center; height: 13px;"><font style="font-size: 10pt;" class="pageno">4</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 6pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; line-height: 115%; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4<sup>th</sup> QUARTER 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgafmusarrfzy04331378.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 6pt; margin-bottom: 0pt; text-align: justify; page-break-inside: avoid; line-height: 115%; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; margin-left: 0.1px; width: 100%;" width="100%">

<tr style="height: 7.1pt;">
<td style="width: 507.95pt; border-bottom: 1.5pt solid #002060; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; color: #051272;">Ultrapar</font></p>
</td>
</tr>

</table>
<p><br></p>
<table cellspacing="0" cellpadding="0" style="height: 188px; margin-right: 9px; /* margin-left: 9pt; */border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; float: left;" width="100%">

<tr style="height: 17px;">
<td rowspan="2" style="width: 32.44%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">Amounts in</font><font style="font-weight: bold; color: #262626;"> R$ </font><font style="font-weight: bold; color: #262626;">million</font></font></p>
</td>
<td rowspan="2" style="width: 8.14%; border-width: 1.5pt 1.5pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">4Q20</font></p>
</td>
<td rowspan="2" style="width: 8.1%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">4Q19</font></p>
</td>
<td rowspan="2" style="width: 6.76%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">3Q20</font></p>
</td>
<td style="width: 9.44%; border-top: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
<td style="width: 9.46%; border-top: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
<td rowspan="2" style="width: 8.1%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">2020</font></p>
</td>
<td rowspan="2" style="width: 8.12%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">2019</font></p>
</td>
<td style="width: 9.44%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 9.44%; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">4Q20</font><font style="font-weight: bold; color: #262626;"> v </font><font style="font-weight: bold; color: #262626;">4Q19</font></font></p>
</td>
<td style="width: 9.46%; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">4Q20</font><font style="font-weight: bold; color: #262626;"> v </font><font style="font-weight: bold; color: #262626;">3Q20</font></font></p>
</td>
<td style="width: 9.44%; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">2020 v 2019</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 32.44%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">Net revenues</font></p>
</td>
<td style="width: 8.14%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">23</font><font style="color: #262626;">,</font><font style="color: #262626;">216</font></font></p>
</td>
<td style="width: 8.1%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">23</font><font style="color: #262626;">,</font><font style="color: #262626;">663</font></font></p>
</td>
<td style="width: 6.76%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">20</font><font style="color: #262626;">,</font><font style="color: #262626;">762</font></font></p>
</td>
<td style="width: 9.44%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">(2%)</font></p>
</td>
<td style="width: 9.46%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">12%</font></p>
</td>
<td style="width: 8.1%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">81</font><font style="color: #262626;">,</font><font style="color: #262626;">241</font></font></p>
</td>
<td style="width: 8.12%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">89</font><font style="color: #262626;">,</font><font style="color: #262626;">298</font></font></p>
</td>
<td style="width: 9.44%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">(9%)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 32.44%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">Adjusted </font><font style="font-weight: bold; color: #262626;">EBITDA</font></font></p>
</td>
<td style="width: 8.14%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">949</font></p>
</td>
<td style="width: 8.1%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">362</font></p>
</td>
<td style="width: 6.76%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">1</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">038</font></font></p>
</td>
<td style="width: 9.44%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">163%</font></p>
</td>
<td style="width: 9.46%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">(9%)</font></p>
</td>
<td style="width: 8.1%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">3</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">479</font></font></p>
</td>
<td style="width: 8.12%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">2</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">800</font></font></p>
</td>
<td style="width: 9.44%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">24%</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 32.44%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">EBITDA ex-n</font><font style="font-weight: bold; color: #262626;">on-recurring item</font><font style="font-weight: bold; color: #262626;">s&#185;</font></font></p>
</td>
<td style="width: 8.14%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">865</font></p>
</td>
<td style="width: 8.1%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">969</font></p>
</td>
<td style="width: 6.76%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">1</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">038</font></font></p>
</td>
<td style="width: 9.44%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">(11%)</font></p>
</td>
<td style="width: 9.46%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">(17%)</font></p>
</td>
<td style="width: 8.1%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">3</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">311</font></font></p>
</td>
<td style="width: 8.12%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">3</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">473</font></font></p>
</td>
<td style="width: 9.44%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">(5%)</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 32.44%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">Depreciation and amortization</font><font style="color: #262626;">&#178;</font></font></p>
</td>
<td style="width: 8.14%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">392</font></p>
</td>
<td style="width: 8.1%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">384</font></p>
</td>
<td style="width: 6.76%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">397</font></p>
</td>
<td style="width: 9.44%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">2%</font></p>
</td>
<td style="width: 9.46%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">(1%)</font></p>
</td>
<td style="width: 8.1%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">,</font><font style="color: #262626;">557</font></font></p>
</td>
<td style="width: 8.12%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">,</font><font style="color: #262626;">500</font></font></p>
</td>
<td style="width: 9.44%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">4%</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 32.44%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">Financial result</font></p>
</td>
<td style="width: 8.14%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">136</font></p>
</td>
<td style="width: 8.1%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">(252)</font></p>
</td>
<td style="width: 6.76%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">(158)</font></p>
</td>
<td style="width: 9.44%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">n/a</font></p>
</td>
<td style="width: 9.46%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">n/a</font></p>
</td>
<td style="width: 8.1%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(</font><font style="color: #262626;">26</font><font style="color: #262626;">9)</font></font></p>
</td>
<td style="width: 8.12%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">(507)</font></p>
</td>
<td style="width: 9.44%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(</font><font style="color: #262626;">47</font><font style="color: #262626;">%)</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 32.44%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">Net income</font></p>
</td>
<td style="width: 8.14%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">43</font><font style="font-weight: bold; color: #262626;">2</font></font></p>
</td>
<td style="width: 8.1%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">(268)</font></p>
</td>
<td style="width: 6.76%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">277</font></p>
</td>
<td style="width: 9.44%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">n/a</font></p>
</td>
<td style="width: 9.46%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">56</font><font style="font-weight: bold; color: #262626;">%</font></font></p>
</td>
<td style="width: 8.1%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">928</font></p>
</td>
<td style="width: 8.12%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">403</font></p>
</td>
<td style="width: 9.44%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">1</font><font style="font-weight: bold; color: #262626;">3</font><font style="font-weight: bold; color: #262626;">0%</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 32.44%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">Earnings per share attributable to shareholders</font><font style="color: #262626;">&#179;</font></font></p>
</td>
<td style="width: 8.14%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">0</font><font style="color: #262626;">.</font><font style="color: #262626;">3</font><font style="color: #262626;">9</font></font></p>
</td>
<td style="width: 8.1%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(0</font><font style="color: #262626;">.</font><font style="color: #262626;">25)</font></font></p>
</td>
<td style="width: 6.76%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">0</font><font style="color: #262626;">.</font><font style="color: #262626;">24</font></font></p>
</td>
<td style="width: 9.44%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">n/a</font></p>
</td>
<td style="width: 9.46%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">61</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="width: 8.1%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">0</font><font style="color: #262626;">.</font><font style="color: #262626;">82</font></font></p>
</td>
<td style="width: 8.12%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">0</font><font style="color: #262626;">.</font><font style="color: #262626;">34</font></font></p>
</td>
<td style="width: 9.44%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">3</font><font style="color: #262626;">9%</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 32.44%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">Investments</font></p>
</td>
<td style="width: 8.14%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d #002060 #1f497d #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">485</font></p>
</td>
<td style="width: 8.1%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #002060; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">555</font></p>
</td>
<td style="width: 6.76%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">313</font></p>
</td>
<td style="width: 9.44%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">(13%)</font></p>
</td>
<td style="width: 9.46%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">55%</font></p>
</td>
<td style="width: 8.1%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">,</font><font style="color: #262626;">508</font></font></p>
</td>
<td style="width: 8.12%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">,</font><font style="color: #262626;">631</font></font></p>
</td>
<td style="width: 9.44%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">(8%)</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 32.44%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">Operati</font><font style="font-weight: bold; color: #262626;">ng</font><font style="font-weight: bold; color: #262626;"> cash flow</font></font></p>
</td>
<td style="width: 8.14%; border-width: 0.75pt 1.5pt 1.5pt; border-style: solid; border-color: #002060 #002060 #002060 #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">5</font><font style="font-weight: bold; color: #262626;">08</font></font></p>
</td>
<td style="width: 8.1%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #002060; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">476</font></p>
</td>
<td style="width: 6.76%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">828</font></p>
</td>
<td style="width: 9.44%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">7</font><font style="font-weight: bold; color: #262626;">%</font></font></p>
</td>
<td style="width: 9.46%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">(3</font><font style="font-weight: bold; color: #262626;">9</font><font style="font-weight: bold; color: #262626;">%)</font></font></p>
</td>
<td style="width: 8.1%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">3</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">1</font><font style="font-weight: bold; color: #262626;">38</font></font></p>
</td>
<td style="width: 8.12%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">2</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">925</font></font></p>
</td>
<td style="width: 9.44%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">7</font><font style="font-weight: bold; color: #262626;">%</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 5pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic;">&#185; </font><font style="font-style: italic;">Does not include the effects of</font><font style="font-style: italic;"> R$ 66 M o</font><font style="font-style: italic;">f the</font><font style="font-style: italic;"> TAC </font><font style="font-style: italic;">at</font><font style="font-style: italic;"> </font><font style="font-style: italic;">Ultracargo</font><font style="font-style: italic;">, R$ 593 M </font><font style="font-style: italic;">of</font><font style="font-style: italic;"> impairment </font><font style="font-style: italic;">at</font><font style="font-style: italic;"> </font><font style="font-style: italic;">Extrafarma</font><font style="font-style: italic;"> </font><font style="font-style: italic;">and</font><font style="font-style: italic;"> R$ 14 M </font><font style="font-style: italic;">of written off</font><font style="font-style: italic;"> </font><font style="font-style: italic;">Oxiteno</font><font style="font-style: italic;"> Andina</font><font style="font-style: italic;">&#8217;s </font><font style="font-style: italic;">assets </font><font style="font-style: italic;">in</font><font style="font-style: italic;"> 2019 as</font><font style="font-style: italic;"> well as tax credits of</font><font style="font-style: italic;"> R$ 156 M </font><font style="font-style: italic;">at</font><font style="font-style: italic;"> </font><font style="font-style: italic;">Oxiteno</font><font style="font-style: italic;"> </font><font style="font-style: italic;">in</font><font style="font-style: italic;"> </font><font style="font-style: italic;">2020</font><font style="font-style: italic;"> </font><font style="font-style: italic;">and of </font><font style="font-style: italic;">R$ 12 M </font><font style="font-style: italic;">a</font><font style="font-style: italic;">t</font><font style="font-style: italic;"> </font><font style="font-style: italic;">Ultracargo</font><font style="font-style: italic;"> </font><font style="font-style: italic;">in</font><font style="font-style: italic;"> 2</font><font style="font-style: italic;">Q</font><font style="font-style: italic;">20</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic;">&#178; Inclu</font><font style="font-style: italic;">des</font><font style="font-style: italic;"> amortiza</font><font style="font-style: italic;">tion of contractual assets with</font><font style="font-style: italic;"> clients &#8211; </font><font style="font-style: italic;">exclusive rights</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic;">&#179;</font><font style="font-style: italic;"> </font><font style="font-style: italic;">Calculated in Reais based on the weighted average number of shares over the period, net of shares held in treasury</font></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Net revenues</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Total of R$ 23,216 million (-2%), mainly due to the decrease in net revenues at Ipiranga, partially compensated by the growth in net revenues from the other businesses. Compared to 3Q20, net revenues increased by 12%, reflecting higher sales at all the businesses. In 2020, net revenues totaled R$ 81,241 million, a decrease of 9% in relation to the preceding year.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Adjusted </font><font style="font-weight: bold; color: #051272;">EBITDA</font><font style="font-weight: bold; color: #051272;"> </font><font style="font-weight: bold; color: #051272;">&#8211;</font> Total of R$ 949 million (+163%). Excluding non-recurring effects, EBITDA in 4Q20 was R$ 865 million (-11%), due to lower EBITDAs at Ipiranga and Ultragaz, despite the increase in results at Oxiteno, Ultracargo and Extrafarma. In relation to 3Q20, excluding the non-recurring effect of tax credits at Oxiteno, there was a decrease of 17%, mainly due to the lower EBITDA at Ipiranga and Ultragaz. In 2020, Adjusted EBITDA at Ultrapar was R$ 3,479 million (+24%). Excluding non-recurring items, EBITDA in 2020 was R$ 3,311 million (-5%), due to the decline in results at Ipiranga, impacted by the pandemic, despite robust growth at Oxiteno, Ultragaz, Ultracargo and Extrafarma.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Result</font><font style="font-weight: bold; color: #051272;">s from the</font><font style="font-weight: bold; color: #051272;"> </font><font style="font-weight: bold; color: #051272;">H</font><font style="font-weight: bold; color: #051272;">olding, </font><font style="font-weight: bold; color: #051272;">affiliates and</font><font style="font-weight: bold; color: #051272;"> </font><font style="font-weight: bold; color: #051272;">abastece</font><font style="font-weight: bold; color: #051272;"> </font><font style="font-weight: bold; color: #051272;">a&#237;</font><font style="font-weight: bold; color: #051272;"> &#8211; </font>In addition to the five main businesses, Ultrapar recorded a negative impact of R$ 65 million, comprised mainly of: (i) R$ 40 million of the Holding&#8217;s expenses, with a concentration of expenses in expansion projects, (ii) R$ 20 million of negative EBITDA with abastece a&#237; (new digital payments business), due to payroll, technology and marketing expenses for the structuring and growth of the business, with a concentration of expenses in the quarter which had been held back over the year, and (iii) R$ 6 million of negative EBITDA with affiliates.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Depreciation and amortization</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Total of R$ 392 million (+2%), due to higher investments undertaken over the previous twelve months. In relation to 3Q20, total costs and expenses with depreciation and amortization were 1% lower due to lower amortization of contractual assets at Ipiranga.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Financial result</font><font style="font-weight: bold; color: #44546a;"> &#8211;</font> Ultrapar reported net financial income of R$ 136 million in 4Q20, compared to a net financial expense of R$ 252 million in 4Q19, mainly reflecting: (i) the appropriation of interest on non-recurring tax credits with respect to the exclusion of ICMS from the PIS/Cofins calculation base in 4Q20 of R$ 160 million, and (ii) the positive result of market to market of the exchange rate hedges. In relation to 3Q20, there was an improvement of R$ 294 million, due to the appropriation of interest on tax credits mentioned previously and the positive result from market to market of the exchange rate hedges. In 2020, Ultrapar posted a net financial expense of R$ 269 million, R$ 237 million lower than the net financial expenses recorded in 2019, &nbsp;due mainly to the appropriation of interest on non-recurring tax credits in the amount of R$ 238 million in the year.<font style="background-color: #ffff00;"> </font></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Net income</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Total of R$ 432 million, an increase of R$ 699 million compared to 4Q19, mainly due to the improved financial result and the impairment of goodwill of R$ 593 million from the acquisition of Extrafarma registered in 4Q19. In relation to 3Q20, net income increased 56%, due to the improvement in the financial result, partially offset by a lower EBITDA. In 2020, net income at Ultrapar amounted to R$ 928 million (+130%), mainly a reflection of growth in EBITDA and reduced net financial expenses.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" 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; font-size: 9pt; text-indent: 0px;"><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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4<sup>th</sup> QUARTER 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imghyz0xvm0pki04331378.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Cash flow from operational activities</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Generation of R$ 3,138 million in 2020, compared to a generation of R$ 2,925 million in 2019, due mainly to divestment in working capital and to lower investments in the period, offset by reduced EBITDA, excluding non-recurring effects.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" 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; font-size: 9pt; text-indent: 0px;"><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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4th QUARTER 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgh2fo0y50d0404331378.jpg" alt="Graphics"></td>
</tr>

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

<tr style="height: 7.1pt;">
<td style="width: 517.35pt; border-bottom: 1.5pt solid #005da3; padding-right: 1.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; color: #051272;">Ultragaz</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 107%; font-size: 10pt;"><font style="font-family: Arial;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="height: 103px; margin-right: 9px; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; float: left;" width="100%">

<tr style="height: 17px;">
<td rowspan="2" style="width: 21.86%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&nbsp;</font></p>
</td>
<td rowspan="2" style="width: 9.6%; border-width: 1.5pt 1.5pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">4Q20</font></p>
</td>
<td rowspan="2" style="width: 9.58%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">4Q19</font></p>
</td>
<td rowspan="2" style="width: 9.6%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">3Q20</font></p>
</td>
<td style="width: 10.96%; border-top: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
<td style="width: 10.98%; border-top: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
<td rowspan="2" style="width: 8.24%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">20</font><font style="font-weight: bold; color: #262626;">20</font></font></p>
</td>
<td rowspan="2" style="width: 8.2%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">20</font><font style="font-weight: bold; color: #262626;">19</font></font></p>
</td>
<td style="width: 10.96%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 10.96%; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">4Q20</font><font style="font-weight: bold; color: #262626;"> v </font><font style="font-weight: bold; color: #262626;">4Q19</font></font></p>
</td>
<td style="width: 10.98%; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">4Q20</font><font style="font-weight: bold; color: #262626;"> v </font><font style="font-weight: bold; color: #262626;">3Q20</font></font></p>
</td>
<td style="width: 10.96%; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">20</font><font style="font-weight: bold; color: #262626;">20 v </font><font style="font-weight: bold; color: #262626;">20</font><font style="font-weight: bold; color: #262626;">19</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 21.86%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">T</font><font style="font-weight: bold; color: #262626;">otal</font><font style="font-weight: bold; color: #262626;"> volume</font><font style="font-weight: bold; color: #262626;"> </font><font style="font-weight: bold; color: #262626;">(</font><font style="font-weight: bold; color: #262626;">000</font><font style="font-weight: bold; color: #262626;"> tons)</font></font></p>
</td>
<td style="width: 9.6%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: bottom; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">4</font><font style="font-weight: bold; color: #262626;">26</font></font></p>
</td>
<td style="width: 9.58%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">4</font><font style="font-weight: bold; color: #262626;">32</font></font></p>
</td>
<td style="width: 9.6%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">4</font><font style="font-weight: bold; color: #262626;">53</font></font></p>
</td>
<td style="width: 10.96%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">(1%)</font></p>
</td>
<td style="width: 10.98%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">(6</font><font style="font-weight: bold; color: #262626;">%</font><font style="font-weight: bold; color: #262626;">)</font></font></p>
</td>
<td style="width: 8.24%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">1</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">732</font></font></p>
</td>
<td style="width: 8.2%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">1</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">706</font></font></p>
</td>
<td style="width: 10.96%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">2</font><font style="font-weight: bold; color: #262626;">%</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 21.86%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 8.65pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">Bottled</font></p>
</td>
<td style="width: 9.6%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: bottom; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">289</font></p>
</td>
<td style="width: 9.58%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">3</font><font style="color: #262626;">00</font></font></p>
</td>
<td style="width: 9.6%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">3</font><font style="color: #262626;">09</font></font></p>
</td>
<td style="width: 10.96%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(</font><font style="color: #262626;">4</font><font style="color: #262626;">%)</font></font></p>
</td>
<td style="width: 10.98%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(</font><font style="color: #262626;">6</font><font style="color: #262626;">%)</font></font></p>
</td>
<td style="width: 8.24%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">,</font><font style="color: #262626;">198</font></font></p>
</td>
<td style="width: 8.2%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">,</font><font style="color: #262626;">174</font></font></p>
</td>
<td style="width: 10.96%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">2</font><font style="color: #262626;">%</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 21.86%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 8.65pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">Bulk</font></p>
</td>
<td style="width: 9.6%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: bottom; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">37</font></font></p>
</td>
<td style="width: 9.58%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">32</font></font></p>
</td>
<td style="width: 9.6%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">44</font></font></p>
</td>
<td style="width: 10.96%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">4</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="width: 10.98%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(5</font><font style="color: #262626;">%</font><font style="color: #262626;">)</font></font></p>
</td>
<td style="width: 8.24%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">534</font></p>
</td>
<td style="width: 8.2%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">532</font></p>
</td>
<td style="width: 10.96%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">0</font><font style="color: #262626;">%</font></font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 21.86%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">EBITDA </font><font style="font-weight: bold; color: #262626;">(R$ </font><font style="font-weight: bold; color: #262626;">million</font><font style="font-weight: bold; color: #262626;">)</font></font></p>
</td>
<td style="width: 9.6%; border-width: 0.75pt 1.5pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: bottom; background-color: #ffffff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">154</font></p>
</td>
<td style="width: 9.58%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">1</font><font style="font-weight: bold; color: #262626;">68</font></font></p>
</td>
<td style="width: 9.6%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">2</font><font style="font-weight: bold; color: #262626;">22</font></font></p>
</td>
<td style="width: 10.96%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">(</font><font style="font-weight: bold; color: #262626;">8%</font><font style="font-weight: bold; color: #262626;">)</font></font></p>
</td>
<td style="width: 10.98%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">(31</font><font style="font-weight: bold; color: #262626;">%</font><font style="font-weight: bold; color: #262626;">)</font></font></p>
</td>
<td style="width: 8.24%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">729</font></p>
</td>
<td style="width: 8.2%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">587</font></p>
</td>
<td style="width: 10.96%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">24</font><font style="font-weight: bold; color: #262626;">%</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 7pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;"><br></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;"><br></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;"><br></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;"><br></font></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Operational performance</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Sales volume at Ultragaz in 4Q20 fell by 1% relative to 4Q19, mainly due to the reduction of 4% in sales in the bottled segment, reflecting lower volumes sold to the Southeast region. In the bulk segment, volumes were 4% greater, mainly due to higher sales to industries, partially offset by lower sales to the commercial and services segments, due to the effects of the pandemic. Compared to 3Q20, sales volume declined 6%, reflecting typical seasonal variations between periods. In 2020, sales volume at Ultragaz was 1,732 thousand tons, a 2% growth in relation to 2019, leveraged by higher sales in the bottled segment in 1Q20 and in 2Q20, due to a greater degree of social isolation in the periods.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Net revenues</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Total of R$ 1,969 million (+10%), mainly due to higher LPG costs on the back of price readjustments by Petrobras. In relation to 3Q20, there was an increase of 1% for the same reasons mentioned above, partially offset by lower sales volume. In 2020, net revenues totaled R$ 7,408 million, a year-on-year increase of 4%.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Cost of goods sold</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Total of R$ 1,708 million (+13%), due to readjustment of LPG costs by Petrobras and greater maintenance costs (greater concentration of requalification on tankage in the period) and depreciation. Compared to 3Q20, cost of goods sold increased 4% for the same reasons mentioned above. In 2020, cost of goods sold was R$ 6,310 million, 3% higher than 2019.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Sales, general and administrative expenses</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Total of R$ 171 million, an increase of 4% in relation to 4Q19, due to higher costs with variable compensation, in line with earnings progression during the year, and freight expenses. In relation to 3Q20, sales, general and administrative expenses were up 8% due to higher payroll expenses. In 2020, SG&amp;A amounted to R$ 620 million, a decrease of 3% compared to 2019, reflecting initiatives for reducing expenses and pandemic-related effects.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">EBITDA &#8211;</font> Total of R$ 154 million (-8%), mainly due to lower sales volume and increased costs and expenses. In relation to 3Q20, the decline was 31%, a function of the seasonal reduction in volumes and higher costs. Ultragaz&#8217;s EBITDA reported a record amount, totaling R$ 729 million in 2020, 24% greater than 2019, mainly a reflection of the higher sales volume, greater operational efficiency and reduced expenses.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Investments</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Ultragaz invested R$ 91 million during the quarter, allocated largely to setting up installations at new clients in the bulk segment, the acquisition and replacement of gas bottles, to the new bottling plant in Bel&#233;m (PA) and maintenance at existing operations. In 2020, the company invested a total of R$ 282 million.</font></p>
<p style="margin: 0px; text-align: justify; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" 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; break-inside: avoid; font-size: 9pt; text-indent: 0px;"><br></p>
<p><br></p>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4<sup>th</sup> QUARTER 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgorwvkrcgb5v04331378.jpg" alt="Graphics"></td>
</tr>

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

<tr style="height: 7.1pt;">
<td style="width: 507.95pt; border-bottom: 1.5pt solid #e86a1e; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; color: #051272;">Ultracargo</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 107%; font-size: 10pt;"><font style="font-family: Arial;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="margin-right: 9pt; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; float: left; height: 102px;" width="100%">

<tr style="height: 17px;">
<td rowspan="2" style="width: 28.96%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&nbsp;</font></p>
</td>
<td rowspan="2" style="width: 8.56%; border-width: 1.5pt 1.5pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">4Q20</font></p>
</td>
<td rowspan="2" style="width: 6.82%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">4Q19</font></p>
</td>
<td rowspan="2" style="width: 6.94%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">3Q20</font></p>
</td>
<td style="width: 11.1%; border-top: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
<td style="width: 11.14%; border-top: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
<td rowspan="2" style="width: 8.34%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">2020</font></p>
</td>
<td rowspan="2" style="width: 8.32%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">2019</font></p>
</td>
<td style="width: 9.82%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 11.1%; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">4Q20</font><font style="font-weight: bold; color: #262626;"> v </font><font style="font-weight: bold; color: #262626;">4Q19</font></font></p>
</td>
<td style="width: 11.14%; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">4Q20</font><font style="font-weight: bold; color: #262626;"> v </font><font style="font-weight: bold; color: #262626;">3Q20</font></font></p>
</td>
<td style="width: 9.82%; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">2020 v 2019</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 28.96%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">I</font><font style="color: #262626;">nstalled capacity</font><font style="color: #262626;">&#185; </font><font style="color: #262626;">(</font><font style="color: #262626;">000</font><font style="color: #262626;"> m&#179;)</font></font></p>
</td>
<td style="width: 8.56%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">8</font><font style="color: #262626;">38</font></font></p>
</td>
<td style="width: 6.82%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">8</font><font style="color: #262626;">14</font></font></p>
</td>
<td style="width: 6.94%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">8</font><font style="color: #262626;">3</font><font style="color: #262626;">8</font></font></p>
</td>
<td style="width: 11.1%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">3</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="width: 11.14%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">0</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="width: 8.34%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">8</font><font style="color: #262626;">32</font></font></p>
</td>
<td style="width: 8.32%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">7</font><font style="color: #262626;">41</font></font></p>
</td>
<td style="width: 9.82%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">2</font><font style="color: #262626;">%</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 28.96%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">m&#179; </font><font style="color: #262626;">sold</font><font style="color: #262626;"> </font><font style="color: #262626;">(</font><font style="color: #262626;">000</font><font style="color: #262626;"> m&#179;)</font></font></p>
</td>
<td style="width: 8.56%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: bottom; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">3</font><font style="color: #262626;">,</font><font style="color: #262626;">0</font><font style="color: #262626;">70</font></font></p>
</td>
<td style="width: 6.82%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">2</font><font style="color: #262626;">,</font><font style="color: #262626;">959</font></font></p>
</td>
<td style="width: 6.94%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">3</font><font style="color: #262626;">,</font><font style="color: #262626;">062</font></font></p>
</td>
<td style="width: 11.1%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">4</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="width: 11.14%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">0</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="width: 8.34%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">12</font><font style="color: #262626;">,</font><font style="color: #262626;">244</font></font></p>
</td>
<td style="width: 8.32%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">10</font><font style="color: #262626;">,</font><font style="color: #262626;">779</font></font></p>
</td>
<td style="width: 9.82%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: bottom; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">4</font><font style="color: #262626;">%</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 28.96%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">EBITDA</font><font style="color: #262626;"> </font><font style="font-weight: bold; color: #262626;">(R$ </font><font style="font-weight: bold; color: #262626;">million</font><font style="font-weight: bold; color: #262626;">)</font></font></p>
</td>
<td style="width: 8.56%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">77</font></p>
</td>
<td style="width: 6.82%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">54</font></p>
</td>
<td style="width: 6.94%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">78</font></p>
</td>
<td style="width: 11.1%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">43%</font></p>
</td>
<td style="width: 11.14%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">(2%)</font></p>
</td>
<td style="width: 8.34%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">337</font></p>
</td>
<td style="width: 8.32%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">165</font></p>
</td>
<td style="width: 9.82%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">105%</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 28.96%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">EBITDA</font><font style="color: #262626;"> </font><font style="font-weight: bold; color: #262626;">ex-no</font><font style="font-weight: bold; color: #262626;">n-</font><font style="font-weight: bold; color: #262626;">rec</font><font style="font-weight: bold; color: #262626;">urring items</font><font style="font-weight: bold; color: #262626;">&#178; (</font><font style="font-weight: bold; color: #262626;">R$ </font><font style="font-weight: bold; color: #262626;">million</font><font style="font-weight: bold; color: #262626;">)</font></font></p>
</td>
<td style="width: 8.56%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">77</font></p>
</td>
<td style="width: 6.82%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">54</font></p>
</td>
<td style="width: 6.94%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">78</font></p>
</td>
<td style="width: 11.1%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">43%</font></p>
</td>
<td style="width: 11.14%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">(2%)</font></p>
</td>
<td style="width: 8.34%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">326</font></p>
</td>
<td style="width: 8.32%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">230</font></p>
</td>
<td style="width: 9.82%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">41%</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-style: italic; vertical-align: super; color: #262626;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; vertical-align: super; color: #262626; font-size: 7pt;">1&nbsp;</font><font style="font-style: italic; color: #262626;">M</font><font style="font-style: italic; color: #262626;">onthly average</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic; color: #262626;">&#178; </font><font style="font-style: italic; color: #262626;">Does not include</font><font style="font-style: italic; color: #262626;"> the effects of</font><font style="font-style: italic; color: #262626;"> R$ </font><font style="font-style: italic; color: #262626;">66</font><font style="font-style: italic; color: #262626;"> M </font><font style="font-style: italic; color: #262626;">of the</font><font style="font-style: italic; color: #262626;"> TAC </font><font style="font-style: italic; color: #262626;">in</font><font style="font-style: italic; color: #262626;"> 2019</font><font style="font-style: italic; color: #262626;"> and</font><font style="font-style: italic; color: #262626;"> </font><font style="font-style: italic; color: #262626;">R$ </font><font style="font-style: italic; color: #262626;">12</font><font style="font-style: italic; color: #262626;"> M</font><font style="font-style: italic; color: #262626;"> </font><font style="font-style: italic; color: #262626;">of</font><font style="font-style: italic; color: #262626;"> tax credits in</font><font style="font-style: italic;"> 2</font><font style="font-style: italic;">Q</font><font style="font-style: italic;">20</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-style: italic; color: #262626; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Operational performance</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Ultracargo&#8217;s average installed capacity increased 3% relative to 4Q19, due to the expanded tankage capacity at the Itaqui port terminal over the past twelve months. Consequently, m&#179; sold grew 4%, with greater fuel handling and a higher number of spot operations. The total of m&#179; sold was in line with 3Q20, with greater handling of ethanol and vegetable oils compensating for lower fuels handling. In 2020, m&#179; sold rose 14% compared to 2019, a reflection of tankage expansion during 2H19 and 1H20 and greater efficiency in the utilization of existing capacity.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Net revenues</font><font style="font-weight: bold; color: #051272;"> &#8211; </font>Total of R$ 166 million in 4Q20 (+9%), driven by increased fuel handling, contractual readjustments, new agreements and spot operations. Compared to 3Q20, net revenue increased 4%, mainly the result of contractual readjustments and spot operations. In 2020, net revenues amounted to R$ 644 million, 19% higher than 2019.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">C</font><font style="font-weight: bold; color: #051272;">ost of services provided</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Total of R$ 74 million, in line with 4Q19, mainly a reflection of higher depreciation expenses (tankage expansion) and payroll, offset by lower maintenance costs. The cost of services provided per m&#179; sold, recorded a reduction of 3%, indicating continued productivity gains in the terminals. In relation to 3Q20, the cost of services provided increased 8%, mainly due to greater outlay with payroll and maintenance work in the Santos port terminal. In 2020, the cost of services provided amounted to R$ 270 million, an increase of 3% in relation to 2019. The cost of services provided per m&#179; sold recorded a year-on-year reduction of 9%, reflecting a significant gain in terminal productivity.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Sales, general and administrative expenses</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Total of R$ 34 million (-21%), due to non-recurring expenses with the start of expansion operations at Santos and Itaqui terminals and with personnel (indemnifications), both in 4Q19. In relation to 3Q20, sales, general and administrative expenses fell 2%, due to reduced payroll expenses. In 2020, SG&amp;A amounted to R$ 130 million, 3% less than 2019.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">EBITDA &#8211;</font> Total of R$ 77 million (+43%), the result of increased handling of products enabled by expansion of capacity and efficiency gains at the terminals, as well as contractual readjustments and productivity gains. In relation to 3Q20, EBITDA was R$ 1 million down. In 2020, Ultracargo&#8217;s EBITDA reached the record level of R$ 337 million, representing a growth of 41% compared to 2019 &#8211; excluding the negative effects of the Conduct Adjustment Agreement - TAC in 2019 and tax credits in 2Q20 &#8211; a reflection of expansion in tankage capacity and efficiency gains at the terminals as well as contractual readjustments and productivity gains.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Investments</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Ultracargo reported investments in the period of R$ 101 million, mainly involving the construction of the new Vila do Conde (PA) terminal, expansion at the Itaqui port terminal and projects for improving efficiency as well as maintenance and operational safety of the terminals. In 2020, the company invested a total of R$ 215 million.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p><br></p>
<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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4<sup>th</sup> QUARTER 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgeq54ewrkosw04331378.jpg" alt="Graphics"></td>
</tr>

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

<tr style="height: 7.1pt;">
<td style="width: 507.95pt; border-bottom: 1.5pt solid #99ca3b; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; color: #051272;">Oxiteno</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 107%; font-size: 10pt;"><font style="font-family: Arial;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="height: 197px; margin-right: 9pt; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; float: left;" width="100%">

<tr style="height: 17px;">
<td rowspan="2" style="width: 23.66%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&nbsp;</font></p>
</td>
<td rowspan="2" style="width: 8.34%; border-width: 1.5pt 1.5pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">4Q20</font></p>
</td>
<td rowspan="2" style="width: 8.32%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">4Q19</font></p>
</td>
<td rowspan="2" style="width: 6.94%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">3Q20</font></p>
</td>
<td style="width: 12.46%; border-top: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
<td style="width: 11.12%; border-top: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
<td rowspan="2" style="width: 9.72%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">20</font><font style="font-weight: bold; color: #262626;">20</font></font></p>
</td>
<td rowspan="2" style="width: 6.98%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">20</font><font style="font-weight: bold; color: #262626;">19</font></font></p>
</td>
<td style="width: 12.46%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 12.46%; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">4Q20</font><font style="font-weight: bold; color: #262626;"> v </font><font style="font-weight: bold; color: #262626;">4Q19</font></font></p>
</td>
<td style="width: 11.12%; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">4Q20</font><font style="font-weight: bold; color: #262626;"> v </font><font style="font-weight: bold; color: #262626;">3Q20</font></font></p>
</td>
<td style="width: 12.46%; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">20</font><font style="font-weight: bold; color: #262626;">20 v </font><font style="font-weight: bold; color: #262626;">20</font><font style="font-weight: bold; color: #262626;">19</font></font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 23.66%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">Average exchange rate</font><font style="color: #262626;"> </font><font style="color: #262626;">(R$/US$)</font></font></p>
</td>
<td style="width: 8.34%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">5</font><font style="color: #262626;">.</font><font style="color: #262626;">40</font></font></p>
</td>
<td style="width: 8.32%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">4</font><font style="color: #262626;">.</font><font style="color: #262626;">12</font></font></p>
</td>
<td style="width: 6.94%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">5</font><font style="color: #262626;">.</font><font style="color: #262626;">38</font></font></p>
</td>
<td style="width: 12.46%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">31%</font></p>
</td>
<td style="width: 11.12%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">0%</font></p>
</td>
<td style="width: 9.72%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">5</font><font style="color: #262626;">.</font><font style="color: #262626;">16</font></font></p>
</td>
<td style="width: 6.98%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">3</font><font style="color: #262626;">.</font><font style="color: #262626;">95</font></font></p>
</td>
<td style="width: 12.46%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">31%</font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 23.66%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">Total v</font><font style="font-weight: bold; color: #262626;">olume </font><font style="font-weight: bold; color: #262626;">(</font><font style="font-weight: bold; color: #262626;">000</font><font style="font-weight: bold; color: #262626;"> tons)</font></font></p>
</td>
<td style="width: 8.34%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">20</font><font style="font-weight: bold; color: #262626;">4</font></font></p>
</td>
<td style="width: 8.32%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">175</font></p>
</td>
<td style="width: 6.94%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">202</font></p>
</td>
<td style="width: 12.46%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">1</font><font style="font-weight: bold; color: #262626;">7</font><font style="font-weight: bold; color: #262626;">%</font></font></p>
</td>
<td style="width: 11.12%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">1</font><font style="font-weight: bold; color: #262626;">%</font></font></p>
</td>
<td style="width: 9.72%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">75</font><font style="font-weight: bold; color: #262626;">3</font></font></p>
</td>
<td style="width: 6.98%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">734</font></p>
</td>
<td style="width: 12.46%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">3</font><font style="font-weight: bold; color: #262626;">%</font></font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 23.66%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-left: 8.65pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">Commodities</font></p>
</td>
<td style="width: 8.34%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">33</font></p>
</td>
<td style="width: 8.32%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">33</font></p>
</td>
<td style="width: 6.94%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">37</font></p>
</td>
<td style="width: 12.46%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">0%</font></p>
</td>
<td style="width: 11.12%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(10</font><font style="color: #262626;">%</font><font style="color: #262626;">)</font></font></p>
</td>
<td style="width: 9.72%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">130</font></p>
</td>
<td style="width: 6.98%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">45</font></font></p>
</td>
<td style="width: 12.46%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(1</font><font style="color: #262626;">0</font><font style="color: #262626;">%)</font></font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 23.66%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-left: 8.65pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">Specialty chemicals/Others</font></p>
</td>
<td style="width: 8.34%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">71</font></font></p>
</td>
<td style="width: 8.32%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">142</font></p>
</td>
<td style="width: 6.94%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">166</font></p>
</td>
<td style="width: 12.46%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">21</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="width: 11.12%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">3</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="width: 9.72%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">62</font><font style="color: #262626;">4</font></font></p>
</td>
<td style="width: 6.98%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">589</font></p>
</td>
<td style="width: 12.46%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">6</font><font style="color: #262626;">%</font></font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 23.66%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-left: 8.65pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">Sales in</font><font style="color: #262626;"> Bra</font><font style="color: #262626;">z</font><font style="color: #262626;">il</font></font></p>
</td>
<td style="width: 8.34%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">15</font><font style="color: #262626;">4</font></font></p>
</td>
<td style="width: 8.32%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">125</font></p>
</td>
<td style="width: 6.94%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">143</font></p>
</td>
<td style="width: 12.46%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">2</font><font style="color: #262626;">3</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="width: 11.12%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">8</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="width: 9.72%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">53</font><font style="color: #262626;">5</font></font></p>
</td>
<td style="width: 6.98%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">528</font></p>
</td>
<td style="width: 12.46%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">%</font></font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 23.66%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-left: 8.65pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">International sales</font></p>
</td>
<td style="width: 8.34%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">5</font><font style="color: #262626;">0</font></font></p>
</td>
<td style="width: 8.32%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">50</font></p>
</td>
<td style="width: 6.94%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">60</font></p>
</td>
<td style="width: 12.46%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="width: 11.12%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(1</font><font style="color: #262626;">6</font><font style="color: #262626;">%</font><font style="color: #262626;">)</font></font></p>
</td>
<td style="width: 9.72%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">2</font><font style="color: #262626;">19</font></font></p>
</td>
<td style="width: 6.98%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">206</font></p>
</td>
<td style="width: 12.46%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">6</font><font style="color: #262626;">%</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 23.66%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">EBITDA (R$ </font><font style="font-weight: bold; color: #262626;">million</font><font style="font-weight: bold; color: #262626;">)</font></font></p>
</td>
<td style="width: 8.34%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">262</font></p>
</td>
<td style="width: 8.32%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">57</font></p>
</td>
<td style="width: 6.94%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">169</font></p>
</td>
<td style="width: 12.46%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">361%</font></p>
</td>
<td style="width: 11.12%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">55%</font></p>
</td>
<td style="width: 9.72%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">785</font></p>
</td>
<td style="width: 6.98%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">222</font></p>
</td>
<td style="width: 12.46%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">254%</font></p>
</td>
</tr>
<tr style="height: 38px;">
<td style="width: 23.66%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 38px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">EBITDA ex-n</font><font style="font-weight: bold; color: #262626;">on-recurring items</font><font style="font-weight: bold; color: #262626;">&#185; </font><font style="font-weight: bold; color: #262626;">(R$ </font><font style="font-weight: bold; color: #262626;">million</font><font style="font-weight: bold; color: #262626;">)</font></font></p>
</td>
<td style="width: 8.34%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; height: 38px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">177</font></p>
</td>
<td style="width: 8.32%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 38px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">71</font></p>
</td>
<td style="width: 6.94%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 38px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">169</font></p>
</td>
<td style="width: 12.46%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 38px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">150%</font></p>
</td>
<td style="width: 11.12%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 38px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">5%</font></p>
</td>
<td style="width: 9.72%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 38px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">629</font></p>
</td>
<td style="width: 6.98%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 38px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">236</font></p>
</td>
<td style="width: 12.46%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 38px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">167%</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; /* margin-bottom: 10pt; */text-align: justify; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-style: italic; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; /* margin-bottom: 10pt; */text-align: justify; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-style: italic; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic;">&#185; </font><font style="font-style: italic;">Does not include</font><font style="font-style: italic;"> the effects of tax credits</font><font style="font-style: italic;"> </font><font style="font-style: italic;">of</font><font style="font-style: italic;"> R$ 71 M </font><font style="font-style: italic;">and</font><font style="font-style: italic;"> R$ 85 M </font><font style="font-style: italic;">in</font><font style="font-style: italic;"> </font><font style="font-style: italic;">1</font><font style="font-style: italic;">Q</font><font style="font-style: italic;">20</font><font style="font-style: italic;"> </font><font style="font-style: italic;">and</font><font style="font-style: italic;"> </font><font style="font-style: italic;">4Q20</font><font style="font-style: italic;">, respective</font><font style="font-style: italic;">ly</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> </font><font style="font-style: italic;">and</font><font style="font-style: italic;"> R$ 14 M </font><font style="font-style: italic;">of written off </font><font style="font-style: italic;">Oxiteno</font><font style="font-style: italic;"> Andina&#8217;s assets in 4Q19</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Operational performance</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Specialty chemicals volume reported strong growth of 21% compared to 4Q19, boosted by higher sales across all segments of the domestic market, most notably the home and personal care, crop solutions and coatings segments, in addition to higher sales in the United States (+18%). Commodity sales volume remained flat. Volumes during the quarter were practically in line with those of 3Q20. In 2020, Oxiteno sold 753 thousand tons, 3% higher than 2019. </font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Net revenues</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Total of R$ 1,477 million (+46%), due to an average devaluation of 31% in the Real (R$ 1.28/US$) and higher sales volume. In relation to 3Q20, net revenues rose 4% due to the increase of 3% in average prices in dollars. In 2020, net revenues totaled R$ 5,211 million, an expansion of 22% relative to 2019.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Cost of goods sold</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Total of R$ 1,186 million (+43%), due to an average devaluation of 31% in the Real (R$ 1.28/US$) and increased sales volume. Compared to 3Q20, cost of goods sold rose by 3%, the result of the increase of 2% in cost of goods sold in US$ per ton. In 2020, the cost of goods sold was R$ 4,189 million, 18% greater than 2019. </font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Sales, general and administrative expenses</font><font style="font-weight: bold; color: #051272;"> </font><font style="font-weight: bold; color: #051272;">&#8211;</font> Total of R$ 227 million (+16%), due to the foreign exchange translation effect at the international units, higher logistics expenses (greater sales volume) and variable compensation, in line with earnings progression. In relation to 3Q20, sales, general and administrative expenses increased by 4% due to higher expenditures at the international units. In 2020, SG&amp;A amounted to R$ 820 million, 13% higher in relation to 2019.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">O</font><font style="font-weight: bold; color: #051272;">ther operating results</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Total of R$ 85 million in 4Q20 due to the constitution of non-recurring tax credits related to the exclusion of ICMS from the PIS/Cofins tax calculation base.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Result</font><font style="font-weight: bold; color: #051272;"> from the disposal of property</font><font style="font-weight: bold; color: #051272;"> &#8211; </font>An increase of R$ 9 million, due to the write-off of R$14 million of Oxiteno Andina&#8217;s assets in 4Q19, in light of the decision to exit the operation, attenuated by the writing down of projects in 4Q20.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">EBITDA &#8211; </font>Total of R$ 262 million (+361%). Excluding non-recurring tax credits in 4Q20, EBITDA for 4Q20 was R$ 177 million, a robust growth of 150% compared to 4Q19 (excluding the write-off of Oxiteno Andina&#8217;s assets in 4Q19), due to higher sales volume, the ramp-up of the plant in the United States and the average devaluation of the Real of 31% (R$ 1.28/US$), attenuated by the increase in expenses. In relation to 3Q20, recurring EBITDA increased by 5%, reflecting higher sales volume and a better sales mix. EBITDA for 2020 of R$ 785 million was a record for Oxiteno, 254% greater than 2019. Excluding non-recurring tax credits for the year, EBITDA was R$ 629 million (+167%). </font></p>
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Investments</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Investments in the period were R$ 77 million, mainly expended on maintenance, operational continuity and safety of the production units. In 2020, total investments amounted to R$ 202 million. </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">9</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 6pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4<sup>th</sup> QUARTER 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imghltmuxi1qkg04331378.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; margin-left: 0.1px; width: 100%;" width="100%">

<tr style="height: 7.1pt;">
<td style="width: 507.95pt; border-bottom: 1.5pt solid #f5ca01; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold; color: #051272;">Ipiranga</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 107%; font-size: 10pt;"><font style="font-family: Arial;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="height: 120px; margin-right: 9pt; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; float: left;" width="100%">

<tr style="height: 17px;">
<td rowspan="2" style="width: 20.84%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&nbsp;</font></p>
</td>
<td rowspan="2" style="width: 9.74%; border-width: 1.5pt 1.5pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">4Q20</font></p>
</td>
<td rowspan="2" style="width: 9.72%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">4Q19</font></p>
</td>
<td rowspan="2" style="width: 6.96%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">3Q20</font></p>
</td>
<td style="width: 11.12%; border-top: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
<td style="width: 11.14%; border-top: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
<td rowspan="2" style="width: 8.34%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">2020</font></p>
</td>
<td rowspan="2" style="width: 8.36%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">2019</font></p>
</td>
<td style="width: 13.78%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 11.12%; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">4Q20</font><font style="font-weight: bold; color: #262626;"> v </font><font style="font-weight: bold; color: #262626;">4Q19</font></font></p>
</td>
<td style="width: 11.14%; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">4Q20</font><font style="font-weight: bold; color: #262626;"> v </font><font style="font-weight: bold; color: #262626;">3Q20</font></font></p>
</td>
<td style="width: 13.78%; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">2020 v 2019</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 20.84%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">Total v</font><font style="font-weight: bold; color: #262626;">olume </font><font style="font-weight: bold; color: #262626;">(</font><font style="font-weight: bold; color: #262626;">000</font><font style="font-weight: bold; color: #262626;"> m&#179;)</font></font></p>
</td>
<td style="width: 9.74%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">5</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">815</font></font></p>
</td>
<td style="width: 9.72%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">6</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">112</font></font></p>
</td>
<td style="width: 6.96%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">5</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">530</font></font></p>
</td>
<td style="width: 11.12%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">(</font><font style="font-weight: bold; color: #262626;">5</font><font style="font-weight: bold; color: #262626;">%)</font></font></p>
</td>
<td style="width: 11.14%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">5</font><font style="font-weight: bold; color: #262626;">%</font></font></p>
</td>
<td style="width: 8.34%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">21</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">461</font></font></p>
</td>
<td style="width: 8.36%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">23</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">494</font></font></p>
</td>
<td style="width: 13.78%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">(</font><font style="font-weight: bold; color: #262626;">9</font><font style="font-weight: bold; color: #262626;">%)</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 20.84%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 8.8pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">Diesel</font></p>
</td>
<td style="width: 9.74%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">2</font><font style="color: #262626;">,</font><font style="color: #262626;">861</font></font></p>
</td>
<td style="width: 9.72%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">2</font><font style="color: #262626;">,</font><font style="color: #262626;">905</font></font></p>
</td>
<td style="width: 6.96%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">2</font><font style="color: #262626;">,</font><font style="color: #262626;">999</font></font></p>
</td>
<td style="width: 11.12%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(</font><font style="color: #262626;">2</font><font style="color: #262626;">%)</font></font></p>
</td>
<td style="width: 11.14%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(5</font><font style="color: #262626;">%</font><font style="color: #262626;">)</font></font></p>
</td>
<td style="width: 8.34%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">11</font><font style="color: #262626;">,</font><font style="color: #262626;">164</font></font></p>
</td>
<td style="width: 8.36%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">11</font><font style="color: #262626;">,</font><font style="color: #262626;">533</font></font></p>
</td>
<td style="width: 13.78%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(</font><font style="color: #262626;">3</font><font style="color: #262626;">%)</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 20.84%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 8.8pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">Otto</font><font style="color: #262626;"> cycle</font></font></p>
</td>
<td style="width: 9.74%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">2</font><font style="color: #262626;">,</font><font style="color: #262626;">847</font></font></p>
</td>
<td style="width: 9.72%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">3</font><font style="color: #262626;">,</font><font style="color: #262626;">116</font></font></p>
</td>
<td style="width: 6.96%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">2</font><font style="color: #262626;">,</font><font style="color: #262626;">421</font></font></p>
</td>
<td style="width: 11.12%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(</font><font style="color: #262626;">9</font><font style="color: #262626;">%)</font></font></p>
</td>
<td style="width: 11.14%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">18</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="width: 8.34%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">9</font><font style="color: #262626;">,</font><font style="color: #262626;">895</font></font></p>
</td>
<td style="width: 8.36%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">11</font><font style="color: #262626;">,</font><font style="color: #262626;">550</font></font></p>
</td>
<td style="width: 13.78%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(1</font><font style="color: #262626;">4</font><font style="color: #262626;">%)</font></font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="width: 20.84%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-left: 8.8pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">Ot</font><font style="color: #262626;">her</font><font style="color: #262626;">s&#185;</font></font></p>
</td>
<td style="width: 9.74%; border-width: 0.75pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">107</font></p>
</td>
<td style="width: 9.72%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">92</font></p>
</td>
<td style="width: 6.96%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">110</font></p>
</td>
<td style="width: 11.12%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">7</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="width: 11.14%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(</font><font style="color: #262626;">3</font><font style="color: #262626;">%</font><font style="color: #262626;">)</font></font></p>
</td>
<td style="width: 8.34%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">402</font></p>
</td>
<td style="width: 8.36%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">411</font></p>
</td>
<td style="width: 13.78%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 17px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(</font><font style="color: #262626;">2</font><font style="color: #262626;">%)</font></font></p>
</td>
</tr>
<tr style="height: 18px;">
<td style="width: 20.84%; border-width: 0.75pt 1.5pt 0.75pt 0.75pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">EBITDA </font><font style="font-weight: bold; color: #262626;">(R$ </font><font style="font-weight: bold; color: #262626;">million</font><font style="font-weight: bold; color: #262626;">)</font></font></p>
</td>
<td style="width: 9.74%; border-width: 0.75pt 1.5pt 1.5pt; border-style: solid; border-color: #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">487</font></p>
</td>
<td style="width: 9.72%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">6</font><font style="font-weight: bold; color: #262626;">99</font></font></p>
</td>
<td style="width: 6.96%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">566</font></p>
</td>
<td style="width: 11.12%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">(30</font><font style="font-weight: bold; color: #262626;">%</font><font style="font-weight: bold; color: #262626;">)</font></font></p>
</td>
<td style="width: 11.14%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">(1</font><font style="font-weight: bold; color: #262626;">4</font><font style="font-weight: bold; color: #262626;">%</font><font style="font-weight: bold; color: #262626;">)</font></font></p>
</td>
<td style="width: 8.34%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">1</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">712</font></font></p>
</td>
<td style="width: 8.36%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">2</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">4</font><font style="font-weight: bold; color: #262626;">87</font></font></p>
</td>
<td style="width: 13.78%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; height: 18px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">(31%)</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic;">&#185; </font><font style="font-style: italic;">Fuel oils</font><font style="font-style: italic;">, </font><font style="font-style: italic;">arla</font><font style="font-style: italic;"> 32,</font><font style="font-style: italic;"> </font><font style="font-style: italic;">k</font><font style="font-style: italic;">erosene, lubricants</font><font style="font-style: italic;">,</font><font style="font-style: italic;"> </font><font style="font-style: italic;">and greases</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-style: italic; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Operational performance</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Ipiranga reported a reduction of 5% in sales volume in relation to 4Q19, still due to the effects of the pandemic which had a major impact on fuel consumption in Brazil since the end of March. The Otto cycle, the segment most affected, reported a drop in sales volumes of 9% in relation to 4Q19, while diesel volume was down 2%. In spite of the decline in relation to the preceding year, volume was 5% greater than 3Q20, with an increase of 18% in the Otto cycle segment, a reflection of the gradual recovery that has taken place over the months, attenuated by the reduction of 5% in diesel. In 2020, Ipiranga sold 21,461 thousand m&#179;, 9% down on 2019.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Net revenues</font><font style="font-weight: bold; color: #051272;"> &#8211;</font><font style="font-weight: bold;"> </font>Total of R$ 19,116 million (-6%), mainly due to lower sales volume. Compared to 3Q20, net revenues recorded a growth of 14%, reflecting the gradual recovery in sales volume and higher average fuel prices, following readjustments by Petrobras. In 2020, net revenues totaled R$ 66,133 million, 12% lower than 2019.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Cost of goods sold</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Total of R$ 18,414 million (-5%), due to lower sales volume. In relation to 3Q20, there was an increase of 15%, a reflection of higher sales volume and increased average fuel prices, reflecting readjustments by Petrobras. The cost volatility in petroleum derivatives and the unfavorable parity for imports both had a negative effect on results in 4Q20 as compared to 3Q20. In 2020, cost of goods sold was R$ 63,610 million, 12% lower than 2019, in line with the drop in net revenues.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Sales, general and administrative expenses</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Total of R$ 472 million (-10%), mainly reflecting initiatives introduced for reducing and containing expenses and lower expenditures with doubtful accounts and freight (lower sales volume). In relation to 3Q20, there was an increase of 16% in sales, general and administrative expenses, reflecting higher provisions for doubtful accounts (parameters update) and a partial recovery in expenses held back in previous quarter. In 2020, SG&amp;A totaled R$ 1,708 million, a reduction of 15% in relation to 2019.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Other operating results</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Total of R$ 23 million, a decrease of R$ 54 million in relation to the same period last year due to the appropriation of CBios costs (relative to RenovaBio program targets) of R$ 58 million in 4Q20.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Disposal of property</font><font style="font-weight: bold; color: #051272;"> &#8211;</font><font style="color: #ff0000;"> </font>Total of R$ 47 million, due to the sale of property in the period, the real estate value of which was higher than its respective value as an asset for the company, thus contributing to an improvement in the efficiency of Ipiranga&#8217;s employed capital.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">EBITDA &#8211;</font> Total of R$ 487 million (-30%), a function of lower sales volume, lower margins and other operating results, partially offset by decreased expenses and a higher result for property disposals. In relation to 3Q20, there was a reduction of 14%, largely reflecting lower margins (in turn reflecting the reduced effects of volatility in costs and the unfavorable parity for imports) and higher expenses, attenuated mainly by higher sales volume and other operating results. In 2020, Ipiranga&#8217;s EBITDA amounted to R$ 1,712 million, a decrease of 31% relative to 2019, due to lower sales volume and reduced margins aggravated by oscillations in fuel costs as well as a reduction in other operating results.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Investments</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Ipiranga invested R$ 183 million in the expansion and maintenance of the service station and franchise networks and logistics infrastructure. Out of the total invested, R$ 84 million relates to plant, property and equipment and additions to intangible assets, R$ 59 million in contractual assets with clients (exclusive rights) and R$ 39 million in the form of drawdowns of financing to clients and advanced payments of rents, net of receipts. In 2020, the company invested R$ 688 million. Despite lower investments and the impact of the pandemic, Ipiranga ended 4Q20 with 7,107 service stations, 17 more than in 4Q19 and in line with 3Q20.</font><br></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p><br></p>
<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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4<sup>th</sup> QUARTER 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imggbk0e3ybaxm04331378.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="width: 507.95pt; border-bottom: 1.5pt solid #672e8f; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; color: #051272;">Extrafarma</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 107%; font-size: 10pt;"><font style="font-family: Arial;"><br></font></p>
<table cellspacing="0" cellpadding="0" style="margin-right: 9pt; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; float: left;" width="100%">

<tr style="height: 9.95pt;">
<td rowspan="2" style="width: 25.76%; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&nbsp;</font></p>
</td>
<td rowspan="2" style="width: 7.76%; border-top: 1.5pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">4Q20</font></p>
</td>
<td rowspan="2" style="width: 9.16%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">4Q19</font></p>
</td>
<td rowspan="2" style="width: 6.88%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">3Q20</font></p>
</td>
<td style="width: 12.4%; border-top: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
<td style="width: 11.02%; border-top: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
<td rowspan="2" style="width: 8.28%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">2020</font></p>
</td>
<td rowspan="2" style="width: 6.88%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">2019</font></p>
</td>
<td style="width: 11.86%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">&#916;</font></p>
</td>
</tr>
<tr style="height: 9.95pt;">
<td style="width: 12.4%; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">4Q20</font><font style="font-weight: bold; color: #262626;"> v </font><font style="font-weight: bold; color: #262626;">4Q19</font></font></p>
</td>
<td style="width: 11.02%; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">4Q20</font><font style="font-weight: bold; color: #262626;"> v </font><font style="font-weight: bold; color: #262626;">3Q20</font></font></p>
</td>
<td style="width: 11.86%; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">2020 v 2019</font></p>
</td>
</tr>
<tr style="height: 12.25pt;">
<td style="width: 25.76%; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">Drugstores</font><font style="color: #262626;"> </font><font style="color: #262626;">(</font><font style="color: #262626;">end of period</font><font style="color: #262626;">)</font></font></p>
</td>
<td style="width: 7.76%; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">4</font><font style="color: #262626;">0</font><font style="color: #262626;">5</font></font></p>
</td>
<td style="width: 9.16%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">4</font><font style="color: #262626;">16</font></font></p>
</td>
<td style="width: 6.88%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">4</font><font style="color: #262626;">08</font></font></p>
</td>
<td style="width: 12.4%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(</font><font style="color: #262626;">3</font><font style="color: #262626;">%)</font></font></p>
</td>
<td style="width: 11.02%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(1</font><font style="color: #262626;">%</font><font style="color: #262626;">)</font></font></p>
</td>
<td style="width: 8.28%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">4</font><font style="color: #262626;">0</font><font style="color: #262626;">5</font></font></p>
</td>
<td style="width: 6.88%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">4</font><font style="color: #262626;">16</font></font></p>
</td>
<td style="width: 11.86%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(</font><font style="color: #262626;">3</font><font style="color: #262626;">%)</font></font></p>
</td>
</tr>
<tr style="height: 12.25pt;">
<td style="width: 25.76%; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">&nbsp;</font><font style="color: #262626;">% </font><font style="color: #262626;">of mature stores</font><font style="color: #262626;"> </font><font style="color: #262626;">(+3 </font><font style="color: #262626;">years</font><font style="color: #262626;">)</font></font></p>
</td>
<td style="width: 7.76%; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">75</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="width: 9.16%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">5</font><font style="color: #262626;">5</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="width: 6.88%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">6</font><font style="color: #262626;">8</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="width: 12.4%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">2</font><font style="color: #262626;">1</font><font style="color: #262626;"> p.p.</font></font></p>
</td>
<td style="width: 11.02%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">8</font><font style="color: #262626;"> p.p.</font></font></p>
</td>
<td style="width: 8.28%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">75</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="width: 6.88%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">5</font><font style="color: #262626;">5</font><font style="color: #262626;">%</font></font></p>
</td>
<td style="width: 11.86%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">2</font><font style="color: #262626;">1</font><font style="color: #262626;"> p.p.</font></font></p>
</td>
</tr>
<tr style="height: 12.25pt;">
<td style="width: 25.76%; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">Gross revenues</font><font style="font-weight: bold; color: #262626;"> </font><font style="font-weight: bold; color: #262626;">(R$ </font><font style="font-weight: bold; color: #262626;">million</font><font style="font-weight: bold; color: #262626;">)</font></font></p>
</td>
<td style="width: 7.76%; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">5</font><font style="font-weight: bold; color: #262626;">48</font></font></p>
</td>
<td style="width: 9.16%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">5</font><font style="font-weight: bold; color: #262626;">28</font></font></p>
</td>
<td style="width: 6.88%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">5</font><font style="font-weight: bold; color: #262626;">23</font></font></p>
</td>
<td style="width: 12.4%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">4</font><font style="font-weight: bold; color: #262626;">%</font></font></p>
</td>
<td style="width: 11.02%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">5</font><font style="font-weight: bold; color: #262626;">%</font></font></p>
</td>
<td style="width: 8.28%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">2</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">106</font></font></p>
</td>
<td style="width: 6.88%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">2</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">174</font></font></p>
</td>
<td style="width: 11.86%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">(</font><font style="font-weight: bold; color: #262626;">3</font><font style="font-weight: bold; color: #262626;">%)</font></font></p>
</td>
</tr>
<tr style="height: 12.25pt;">
<td style="width: 25.76%; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">EBITDA </font><font style="font-weight: bold; color: #262626;">(R$ </font><font style="font-weight: bold; color: #262626;">million</font><font style="font-weight: bold; color: #262626;">)</font></font></p>
</td>
<td style="width: 7.76%; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">34</font></p>
</td>
<td style="width: 9.16%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">(603)</font></p>
</td>
<td style="width: 6.88%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">28</font></p>
</td>
<td style="width: 12.4%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">n/a</font></p>
</td>
<td style="width: 11.02%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">23%</font></p>
</td>
<td style="width: 8.28%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">84</font></p>
</td>
<td style="width: 6.88%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">(566)</font></p>
</td>
<td style="width: 11.86%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">n/a</font></p>
</td>
</tr>
<tr style="height: 12.25pt;">
<td style="width: 25.76%; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">EBITDA ex-n</font><font style="font-weight: bold; color: #262626;">on-recurring items</font><font style="font-weight: bold; color: #262626;">&#185; </font><font style="font-weight: bold; color: #262626;">(R$ </font><font style="font-weight: bold; color: #262626;">million</font><font style="font-weight: bold; color: #262626;">)</font></font></p>
</td>
<td style="width: 7.76%; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">34</font></p>
</td>
<td style="width: 9.16%; border-top: 0.75pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 4.65pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">(10)</font></p>
</td>
<td style="width: 6.88%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">28</font></p>
</td>
<td style="width: 12.4%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">n/a</font></p>
</td>
<td style="width: 11.02%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">23%</font></p>
</td>
<td style="width: 8.28%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">84</font></p>
</td>
<td style="width: 6.88%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">27</font></p>
</td>
<td style="width: 11.86%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">208%</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 7pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic;">&#185;</font><font style="font-style: italic;"> </font><font style="font-style: italic;">Does not include</font><font style="font-style: italic;"> the effect of </font><font style="font-style: italic;">the impairment of </font><font style="font-style: italic;">R$ 593 M</font><font style="font-style: italic;"> </font><font style="font-style: italic;">in</font><font style="font-style: italic;"> </font><font style="font-style: italic;">4Q19</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-style: italic; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Operational performance</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Extrafarma ended 4Q20 with 405 drugstores, 2 store openings and 13 closures in the last twelve months, a reduction of 3% in its network and the result of greater selectivity in expansion and a more rigorous approach to underperforming stores. Over the course of 4Q20, stores located in shopping malls continued to experience customer flows below pre-pandemic levels. At the end of the quarter, stores still at the ramping-up phase (with up to three years of operations) represented 25% of the network.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Gross revenues</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Total of R$ 548 million (+4%) due to higher same store sales (+6%), driven by better results from promotional initiatives (particularly over the Black Friday period and the implementation of the personalized promotional coupon for use throughout the network), by the annual readjustment in medicine prices and by the expansion in sales through the digital channels, partially offset by the lower number of stores (-3%). In relation to 3Q20, gross revenue posted an increase of 5%, mainly a reflection of seasonal factors between the periods and a greater volume of promotional activity. In 2020, Extrafarma reported gross revenue of R$ 2,106 million, 3% less than 2019.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Cost of goods sold</font><font style="font-weight: bold; color: #051272;"> </font><font style="font-weight: bold; color: #051272;">and gross profit</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Cost of goods sold totaled R$ 363 million (+5%) due to increased sales. Gross profit was R$ 156 million (+1%), equivalent to a gross margin of 28.4%, 0.9 p.p. lower than 4Q19, due to higher volumes of promotional activity. Compared to 3Q20, cost of goods sold rose 5% while gross profit increased by 6%, both reflecting the increase in sales. In 2020, cost of goods sold totaled R$ 1,399 million (-4%) and gross profit, R$ 589 million (-1%).</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Sales, general and administrative expenses</font><font style="font-weight: bold; color: #051272;"> </font><font style="font-weight: bold; color: #051272;">&#8211;</font> Total of R$ 157 million (-11%) due to the lower number of stores and productivity gains, logistics optimization and expense containing initiatives. Compared to 3Q20, sales, general and administrative expenses declined by 1%. In 2020, SG&amp;A expenses amounted to R$ 654 million, 11% lower than 2019.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Other operating results</font><font style="font-weight: bold; color: #051272;"> &#8211;</font><font style="font-weight: bold; color: #051272;"> </font>An increase of R$ 7 million, mainly due to the writing off of tax credits in 4Q19.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Disposal of property</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> An increase of R$ 17 million, reflecting the writing off of investments due to store closures in 4Q19.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Redu</font><font style="font-weight: bold; color: #051272;">ction in asset </font><font style="font-weight: bold; color: #051272;">(</font><font style="font-weight: bold; color: #051272;">impairment</font><font style="font-weight: bold; color: #051272;">)</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> Total R$ 593 million booked in 4Q19 due to the impairment of goodwill from the acquisition of Extrafarma.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">EBITDA &#8211; </font>Total of R$ 34 million, an increase of R$ 44 million compared to 4Q19, excluding the impairment effect. This growth is a consequence of closing underperforming stores and higher profitability from the existing network, initiatives for enhancing productivity and reduction of expenses. In relation to 3Q20, the company reported growth of 23%, mainly a function of higher sales. In 2020, Extrafarma&#8217;s EBITDA was R$ 84 million, a strong year-on-year growth of 208%, excluding the impairment effect<font style="font-style: italic;">,</font> and a consequence of: (i) maturation of the network opened in the past three years, (ii) the implementation of a process for eliminating under-performing stores and greater network profitability, (iii) improved margins; and (iv) initiatives for productivity gains and reduction of expenses.</font></p>
<p style="margin: 0px; text-align: justify; font-size: 9pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin: 0px; text-align: justify; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Investments</font><font style="font-weight: bold; color: #051272;"> &#8211;</font> In 4Q20, Extrafarma invested R$ 11 million, allocated largely to the construction of the Maranh&#227;o distribution center, projects linked to store IT and maintenance. In 2020, the company invested R$ 39 million.</font><br></p>
<p style="margin: 0px; text-align: justify; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno">11</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4<sup>th</sup> QUARTER 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgulq1nmpfgcv04331378.jpg" alt="Graphics"></td>
</tr>

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

<tr style="height: 7.1pt;">
<td style="width: 507.95pt; border-bottom: 1.5pt solid #002060; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold; color: #051272;">Debt </font><font style="font-weight: bold; color: #051272;">(R$</font><font style="font-weight: bold; color: #051272;"> </font><font style="font-weight: bold; color: #051272;">million</font><font style="font-weight: bold; color: #051272;">)</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 5pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #051272; 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%">

<tr style="height: 22.5pt;">
<td style="width: 289.35pt; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9.5pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">Ultrapar</font><font style="font-weight: bold; color: #262626;"> consolida</font><font style="font-weight: bold; color: #262626;">ted</font><font style="font-weight: bold; color: #262626;"> </font></font></p>
</td>
<td style="width: 62.7pt; border-top: 1.5pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">4Q20</font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">3Q20</font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">4Q19</font></p>
</td>
</tr>
<tr style="height: 15.6pt;">
<td style="width: 289.35pt; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">Gross debt</font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(17</font><font style="color: #262626;">,</font><font style="color: #262626;">376)</font></font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(18</font><font style="color: #262626;">,</font><font style="color: #262626;">756)</font></font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(14</font><font style="color: #262626;">,</font><font style="color: #262626;">393)</font></font></p>
</td>
</tr>
<tr style="height: 15.6pt;">
<td style="width: 289.35pt; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">Cash and cash equivalents</font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">8</font><font style="color: #262626;">,</font><font style="color: #262626;">672</font></font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">9</font><font style="color: #262626;">,</font><font style="color: #262626;">798</font></font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">5</font><font style="color: #262626;">,</font><font style="color: #262626;">712</font></font></p>
</td>
</tr>
<tr style="height: 15.6pt;">
<td style="width: 289.35pt; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">Net </font><font style="font-weight: bold; color: #262626;">d</font><font style="font-weight: bold; color: #262626;">ebt </font><font style="font-weight: bold; color: #262626;">(ex-IFRS 16)</font></font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">(8</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">704)</font></font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">(8</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">958)</font></font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">(8</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">681)</font></font></p>
</td>
</tr>
<tr style="height: 15.6pt;">
<td style="width: 289.35pt; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">Leases payable</font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(1</font><font style="color: #262626;">,</font><font style="color: #262626;">833)</font></font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(1</font><font style="color: #262626;">,</font><font style="color: #262626;">832)</font></font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">(1</font><font style="color: #262626;">,</font><font style="color: #262626;">589)</font></font></p>
</td>
</tr>
<tr style="height: 15.6pt;">
<td style="width: 289.35pt; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">Net debt</font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">(10</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">537)</font></font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">(10</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">790)</font></font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">(10</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">269)</font></font></p>
</td>
</tr>
<tr style="height: 15.6pt;">
<td style="width: 289.35pt; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">Net debt</font><font style="color: #262626;">/</font><font style="color: #262626;">LTM Adjusted </font><font style="color: #262626;">EBITDA</font><font style="color: #262626;">&#185;</font><font style="color: #262626;"> (ex-IFRS 16)</font></font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">2</font><font style="color: #262626;">.</font><font style="color: #262626;">8x</font></font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">2</font><font style="color: #262626;">.</font><font style="color: #262626;">9x</font></font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">2</font><font style="color: #262626;">.</font><font style="color: #262626;">9x</font></font></p>
</td>
</tr>
<tr style="height: 15.6pt;">
<td style="width: 289.35pt; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">Net debt</font><font style="color: #262626;">/</font><font style="color: #262626;">LTM Adjusted </font><font style="color: #262626;">EBITDA&#185;</font></font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">3</font><font style="color: #262626;">.</font><font style="color: #262626;">0x</font></font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">3</font><font style="color: #262626;">.</font><font style="color: #262626;">1x</font></font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">3</font><font style="color: #262626;">.</font><font style="color: #262626;">0x</font></font></p>
</td>
</tr>
<tr style="height: 15.6pt;">
<td rowspan="2" style="width: 289.35pt; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">Average cost of debt</font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">184% DI</font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">193% DI</font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">103% DI</font></p>
</td>
</tr>
<tr style="height: 15.6pt;">
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">DI + 1</font><font style="color: #262626;">.</font><font style="color: #262626;">6%</font></font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">DI + 1</font><font style="color: #262626;">.</font><font style="color: #262626;">9%</font></font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">DI + 0</font><font style="color: #262626;">.</font><font style="color: #262626;">2%</font></font></p>
</td>
</tr>
<tr style="height: 15.6pt;">
<td style="width: 289.35pt; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">Average cash yield</font><font style="color: #262626;"> (% DI)</font></font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">80%</font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">68%</font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">94%</font></p>
</td>
</tr>
<tr style="height: 15.6pt;">
<td style="width: 289.35pt; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 4.65pt; padding-left: 5.03pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">Average duration of amortization</font><font style="color: #262626;"> (</font><font style="color: #262626;">years</font><font style="color: #262626;">)</font></font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-right: 1.5pt solid #1f497d; border-left: 1.5pt solid #1f497d; border-bottom: 1.5pt solid #1f497d; padding-right: 4.65pt; padding-left: 4.65pt; vertical-align: middle; background-color: #ffffff;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">4</font><font style="color: #262626;">.</font><font style="color: #262626;">6</font></font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">4</font><font style="color: #262626;">.</font><font style="color: #262626;">8</font></font></p>
</td>
<td style="width: 62.7pt; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding-right: 5.03pt; padding-left: 5.4pt; vertical-align: middle;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">4</font><font style="color: #262626;">.</font><font style="color: #262626;">7</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&#185; <font style="font-style: italic;">LTM Adjusted EBITDA </font><font style="font-style: italic;">does not include</font><font style="font-style: italic;"> the impairment of </font><font style="font-style: italic;">Extrafarma</font><font style="font-style: italic;"> of R$ 593 million for </font><font style="font-style: italic;">4</font><font style="font-style: italic;">Q</font><font style="font-style: italic;">19</font><font style="font-style: italic;"> and 3Q20</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #051272; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar ended 4Q20 with a net financial debt of R$ 8.7 billion, comprised of gross debt of R$ 17.4 billion and cash position of R$ 8.7 billion. The reduction in the position of cash and gross debt reflects active management for reducing the carrying cost of net debt with early repayments. The effect of exchange rate variation on net debt for the portion of notes designated for hedge accounting of R$ 251 million in 4Q20 contributed to the reduction of debt compared to the position at the end of 3Q20. Considering leases payable (IFRS 16) of R$ 1.8 billion, total net debt was R$ 10.5 billion (3.0x LTM Adjusted EBITDA) compared to R$ 10.8 billion on September 30, 2020 (3.1x LTM Adjusted EBITDA), mainly due to cash generation in the period. </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #051272; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Maturity </font><font style="font-weight: bold; color: #051272;">p</font><font style="font-weight: bold; color: #051272;">rofile and </font><font style="font-weight: bold; color: #051272;">debt </font><font style="font-weight: bold; color: #051272;">breakdown:</font> </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #051272; font-size: 10pt;"><img src="imgip1pucxgm5z04331379.jpg" alt="Graphics">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #051272; font-size: 10pt;"><img src="imgdulekerousg04331379.jpg" alt="Graphics"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #051272; 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">12</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p><br></p>
<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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4<sup>th</sup> QUARTER 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgghuvcqeatyl04331379.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 0pt; /* margin-bottom: 10pt; */text-align: justify; font-size: 10pt;"><font style="font-family: 'times new roman', times; 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%">

<tr style="height: 7.1pt;">
<td style="width: 507.95pt; border-bottom: 1.5pt solid #002060; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold; color: #051272;">Updates on</font><font style="font-weight: bold; color: #051272;"> E</font><font style="font-weight: bold; color: #051272;">SG</font><font style="font-weight: bold; color: #051272;"> themes</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">For another year, the <font style="font-weight: bold;">Ultra</font><font style="font-weight: bold;"> Group</font> participated in the <font style="font-weight: bold;">Carbon Disclosure Project (CDP)</font><font style="font-weight: bold;">,</font><font style="font-weight: bold;"> </font>a not-for-profits initiative which mobilizes investors, companies, and governments to build a more sustainable economy. The Group retained its B score for the Climate Change theme, exceeding the regional average for South America (note D), as well as for the oil &amp; gas retail sector (note D). It also obtained the same score for the Water Security theme, also making a positive debut in this category. </font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ultra</font><font style="font-weight: bold;"> Group</font> reported its greenhouse gas (GHG) emissions in order to participate in the<font style="font-weight: bold;"> Carbon E</font><font style="font-weight: bold;">f</font><font style="font-weight: bold;">ficient</font><font style="font-weight: bold;"> Index</font><font style="font-weight: bold;"> (ICO2 B3)</font>, effective between January 4 and April 30, 2021. Since 2012, the Group has been a component of the index, which encourages emitting companies to measure, disclose and monitor their GHG emissions in preparation to operate in a low carbon economy. A total of 62 out of the 100 shares in the IBRX invited to incorporate the ICO2 index were selected.</font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In March 2021, Ultrapar <font style="font-weight: bold;">will</font><font style="font-weight: bold;"> </font><font style="font-weight: bold;">establish</font><font style="font-weight: bold;"> the</font><font style="font-weight: bold;"> Sust</font><font style="font-weight: bold;">ainability and Corporate Affairs </font><font style="font-weight: bold;">executive position</font>, reporting directly to the CEO, for accelerating and integrating the efforts and initiatives of the Group businesses, to be encapsulated in a single and objective agenda and one with a broad visibility and clearly defined and disclosed targets.</font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Ultragaz</font>, in partnership with the Federal Electoral Court, participated in the <font style="font-weight: bold;">Vote</font><font style="font-weight: bold;"> </font><font style="font-weight: bold;">Safely</font> campaign for disseminating information on the necessary precautions with respect to COVID-19 on election day. This campaign reached 5 million people in 19 states. In partnership with UNESCO and the Maria Cec&#237;lia Souto Vidigal Foundation, in December, Ultragaz participated in an<font style="font-weight: bold;"> educativ</font><font style="font-weight: bold;">e action</font> for delivery of booklets with questions and answers on <font style="font-weight: bold;">the</font><font style="font-weight: bold;"> new</font><font style="font-weight: bold;"> coronavi</font><font style="font-weight: bold;">rus</font>.</font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">Oxiteno</font><font style="font-weight: bold;"> </font>rose two categories in the<font style="font-weight: bold;"> </font><font style="font-weight: bold;">EcoVadis</font><font style="font-weight: bold;"> ranking</font>, a platform globally recognized for assessing corporate sustainability performance. The Company is currently rated in the Platinum category, the highest in the ranking of the EcoVadis Sustainability Rating and achieved by<font style="font-weight: bold;"> </font><font style="font-weight: bold;">only</font><font style="font-weight: bold;"> </font><font style="font-weight: bold;">1% </font><font style="font-weight: bold;">of all the companies assessed</font>, and only the second Brazilian company to achieve this position. Additionally, Oxiteno<font style="font-weight: bold;"> </font>won the <font style="font-weight: bold;">Kurt </font><font style="font-weight: bold;">Politzer</font><font style="font-weight: bold;"> Award for</font><font style="font-weight: bold;"> tec</font><font style="font-weight: bold;">h</font><font style="font-weight: bold;">nolog</font><font style="font-weight: bold;">y</font> presented by Abiquim (Brazilian Chemicals Industry Association) in the company category, with the project for coatings on coalescent made entirely from renewable sources. Yet on responsibility with the value chain, Oxiteno was also audited by the <font style="font-weight: bold;">RSPO &#8211; Roundtable on Sustainable Palm Oil</font> and was again recommended for recertification. In addition, Ultrapar was audited with zero qualifications by <font style="font-weight: bold;">Responsible Sourcing SMETA </font><font style="font-weight: bold;">&#8211;</font><font style="font-weight: bold;"> </font><font style="font-weight: bold;">Sedex</font><font style="font-weight: bold;"> Member Ethical Trade Audit</font> and <font style="font-weight: bold;">TfS</font><font style="font-weight: bold;"> </font><font style="font-weight: bold;">&#8211;</font><font style="font-weight: bold;"> Together for Sustainability</font>.</font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold;">The projects of both </font><font style="font-weight: bold;">Oxiteno</font><font style="font-weight: bold;"> </font>and<font style="font-weight: bold;"> </font><font style="font-weight: bold;">Ipiranga</font> <font style="font-weight: bold;">were approved in the</font><font style="font-weight: bold;"> Inova 2030 &#8211; </font><font style="font-weight: bold;">Innovative SDG Youngsters</font> (idealized by the<font style="font-weight: bold;"> </font><font style="font-weight: bold;">UN </font><font style="font-weight: bold;">Global</font><font style="font-weight: bold;"> Compact</font><font style="font-weight: bold;">)</font><font style="font-weight: bold;">,</font> an incubator program for young professionals with the desire to solve a business challenge and contribute to achieving the Sustainable Development Goals (SDG). </font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In 2020 <font style="font-weight: bold;">Ultracargo</font> completed its<font style="font-weight: bold;"> materiali</font><font style="font-weight: bold;">ty </font><font style="font-weight: bold;">assessment</font>, thus consolidating its matrix, with the aim of aligning its strategy with its potential to contribute as a sector leader. The Company also maintained its sponsorship of the <font style="font-weight: bold;">Com</font><font style="font-weight: bold;">munity in Action</font>, award organized by the newspaper <font style="font-style: italic;">A </font><font style="font-style: italic;">Tribuna</font>, of Santos (SP), recognizing social projects developed in the Santos region where Ultracargo operates its largest port terminal.</font></p>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">During the <font style="font-weight: bold;">el</font><font style="font-weight: bold;">ectricity </font><font style="font-weight: bold;">outage</font><font style="font-weight: bold;"> in the state of</font><font style="font-weight: bold;"> </font><font style="font-weight: bold;">Amap&#225;</font> in November, <font style="font-weight: bold;">Extrafarma</font> donated items of hygiene and food to the local population.</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">13</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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;">
<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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4<sup>th</sup> QUARTER 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgp3o0vdvkhwr04331379.jpg" alt="Graphics"></td>
</tr>

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

<tr style="height: 7.1pt;">
<td style="width: 507.95pt; border-bottom: 1.5pt solid #002060; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; color: #051272;">Capital markets</font></p>
</td>
</tr>

</table>
<p style="margin-top: 6pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar&#8217;s combined average daily trading volume on B3 and NYSE totaled R$ 164 million/day in 4Q20 (+3%). Ultrapar&#8217;s shares closed the quarter quoted at R$ 23.74 on B3, an appreciation of 23% in the quarter, while the Ibovespa stock index rose 26%. In NYSE, Ultrapar&#8217;s shares appreciated 32% in 4Q20, while the Dow Jones stock index reported a growth of 10%. Ultrapar closed 4Q20 with a market cap of R$ 26 billion.</font></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 334px; width: 100%;" width="100%">

<tr style="height: 34px;">
<td style="width: 37.54%; border-top: 0.75pt solid #1f497d; border-left: 0.75pt solid #1f497d; padding: 0px; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">&nbsp;</font><font style="font-weight: bold; color: #262626;">Capital markets</font></font></p>
</td>
<td style="width: 11.36%; border-width: 1pt 1pt 0.75pt; border-style: solid; border-color: #1f497d; padding: 0px; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">4Q20</font></p>
</td>
<td style="width: 12.24%; border-top: 0.75pt solid #1f497d; border-left: 1pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">4Q19</font></p>
</td>
<td style="width: 12.52%; border-top: 0.75pt solid #1f497d; vertical-align: middle; background-color: #ffffff; height: 34px; padding: 0px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">3Q20</font></p>
</td>
<td style="width: 11.12%; border-top: 0.75pt solid #1f497d; vertical-align: middle; background-color: #ffffff; height: 34px; padding: 0px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">20</font><font style="font-weight: bold; color: #262626;">20</font></font></p>
</td>
<td style="width: 15.22%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; padding: 0px; vertical-align: middle; background-color: #ffffff; height: 34px;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">20</font><font style="font-weight: bold; color: #262626;">19</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 37.54%; border-top: 0.75pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #ffffff; height: 10px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">Number of shares</font><font style="font-weight: bold; color: #262626;"> (</font><font style="font-weight: bold; color: #262626;">000</font><font style="font-weight: bold; color: #262626;">) </font></font></p>
</td>
<td style="width: 11.36%; border-right: 1pt solid #1f497d; border-left: 1pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #ffffff; height: 10px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">1</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">115</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">006</font></font></p>
</td>
<td style="width: 12.24%; border-bottom: 0.75pt solid #1f497d; padding: 0px; height: 10px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">1</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">112</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">810</font></font></p>
</td>
<td style="width: 12.52%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; height: 10px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">1</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">11</font><font style="font-weight: bold; color: #262626;">5</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">006</font></font></p>
</td>
<td style="width: 11.12%; border-top: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; height: 10px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">1</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">115</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">006</font></font></p>
</td>
<td style="width: 15.22%; border-top: 0.75pt solid #1f497d; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; height: 10px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">1</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">112</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">810</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 37.54%; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #ffffff; height: 10px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">Market</font><font style="font-weight: bold; color: #262626;"> capitalization</font><font style="font-weight: bold; color: #262626;">&#185; (R$ </font><font style="font-weight: bold; color: #262626;">million</font><font style="font-weight: bold; color: #262626;">)</font></font></p>
</td>
<td style="width: 11.36%; border-right: 1pt solid #1f497d; border-left: 1pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #ffffff; height: 10px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">26</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">470</font></font></p>
</td>
<td style="width: 12.24%; border-bottom: 0.75pt solid #1f497d; padding: 0px; height: 10px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">2</font><font style="font-weight: bold; color: #262626;">8</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">354</font></font></p>
</td>
<td style="width: 12.52%; border-bottom: 0.75pt solid #1f497d; height: 10px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">2</font><font style="font-weight: bold; color: #262626;">1</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">4</font><font style="font-weight: bold; color: #262626;">86</font></font></p>
</td>
<td style="width: 11.12%; border-bottom: 0.75pt solid #1f497d; height: 10px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">2</font><font style="font-weight: bold; color: #262626;">6</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">4</font><font style="font-weight: bold; color: #262626;">70</font></font></p>
</td>
<td style="width: 15.22%; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; height: 10px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #262626;">2</font><font style="font-weight: bold; color: #262626;">8</font><font style="font-weight: bold; color: #262626;">,</font><font style="font-weight: bold; color: #262626;">354</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 37.54%; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #f2f2f2; height: 10px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">B3</font></p>
</td>
<td style="width: 11.36%; border-right: 1pt solid #1f497d; border-left: 1pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #f2f2f2; height: 10px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.24%; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #f2f2f2; height: 10px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.52%; border-bottom: 0.75pt solid #1f497d; background-color: #f2f2f2; height: 10px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.12%; border-bottom: 0.75pt solid #1f497d; background-color: #f2f2f2; height: 10px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 15.22%; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #f2f2f2; height: 10px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 37.54%; border-right: 1pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #ffffff; height: 10px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">Average daily trading volume</font><font style="color: #262626;"> </font><font style="color: #262626;">(000 shares)</font></font></p>
</td>
<td style="width: 11.36%; border-right: 1pt solid #1f497d; padding: 0px; background-color: #ffffff; height: 10px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">6</font><font style="color: #262626;">,</font><font style="color: #262626;">940</font></font></p>
</td>
<td style="width: 12.24%; border-bottom: 0.75pt solid #1f497d; padding: 0px; height: 10px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">6</font><font style="color: #262626;">,</font><font style="color: #262626;">5</font><font style="color: #262626;">89</font></font></p>
</td>
<td style="width: 12.52%; border-bottom: 0.75pt solid #1f497d; height: 10px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">7</font><font style="color: #262626;">,</font><font style="color: #262626;">415</font></font></p>
</td>
<td style="width: 11.12%; border-bottom: 0.75pt solid #1f497d; height: 10px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">8</font><font style="color: #262626;">,</font><font style="color: #262626;">339</font></font></p>
</td>
<td style="width: 15.22%; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; height: 10px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">5</font><font style="color: #262626;">,</font><font style="color: #262626;">936</font></font></p>
</td>
</tr>
<tr style="height: 30px;">
<td style="width: 37.54%; border-right: 1pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #ffffff; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">Average financial v</font><font style="color: #262626;">olum</font><font style="color: #262626;">e</font><font style="color: #262626;">/da</font><font style="color: #262626;">y</font><font style="color: #262626;"> (R$ </font><font style="color: #262626;">000</font><font style="color: #262626;">)</font></font></p>
</td>
<td style="width: 11.36%; border-top: 0.75pt solid #1f497d; border-right: 1pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #ffffff; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">14</font><font style="color: #262626;">0</font><font style="color: #262626;">,</font><font style="color: #262626;">3</font><font style="color: #262626;">81</font></font></p>
</td>
<td style="width: 12.24%; border-bottom: 0.75pt solid #1f497d; padding: 0px; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">36</font><font style="color: #262626;">,</font><font style="color: #262626;">804</font></font></p>
</td>
<td style="width: 12.52%; border-bottom: 0.75pt solid #1f497d; height: 30px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">14</font><font style="color: #262626;">9</font><font style="color: #262626;">,</font><font style="color: #262626;">324</font></font></p>
</td>
<td style="width: 11.12%; border-bottom: 0.75pt solid #1f497d; height: 30px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">15</font><font style="color: #262626;">3</font><font style="color: #262626;">,</font><font style="color: #262626;">880</font></font></p>
</td>
<td style="width: 15.22%; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">12</font><font style="color: #262626;">7</font><font style="color: #262626;">,</font><font style="color: #262626;">3</font><font style="color: #262626;">77</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 37.54%; border-right: 1pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #ffffff; height: 10px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">Average share price </font><font style="color: #262626;">(R$/</font><font style="color: #262626;">share</font><font style="color: #262626;">)</font></font></p>
</td>
<td style="width: 11.36%; border-right: 1pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #ffffff; height: 10px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">20</font><font style="color: #262626;">.</font><font style="color: #262626;">23</font></font></p>
</td>
<td style="width: 12.24%; border-bottom: 0.75pt solid #1f497d; padding: 0px; height: 10px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">20</font><font style="color: #262626;">.</font><font style="color: #262626;">76</font></font></p>
</td>
<td style="width: 12.52%; border-bottom: 0.75pt solid #1f497d; height: 10px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">20</font><font style="color: #262626;">.</font><font style="color: #262626;">14</font></font></p>
</td>
<td style="width: 11.12%; border-bottom: 0.75pt solid #1f497d; height: 10px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">18</font><font style="color: #262626;">.</font><font style="color: #262626;">45</font></font></p>
</td>
<td style="width: 15.22%; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; height: 10px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">21</font><font style="color: #262626;">.</font><font style="color: #262626;">46</font></font></p>
</td>
</tr>
<tr style="height: 30px;">
<td style="width: 37.54%; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #f2f2f2; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">NYSE</font></p>
</td>
<td style="width: 11.36%; border-right: 1pt solid #1f497d; border-left: 1pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #f2f2f2; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.24%; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #f2f2f2; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.52%; border-bottom: 0.75pt solid #1f497d; background-color: #f2f2f2; height: 30px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.12%; border-bottom: 0.75pt solid #1f497d; background-color: #f2f2f2; height: 30px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 15.22%; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #f2f2f2; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 30px;">
<td style="width: 37.54%; border-right: 1pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #ffffff; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">Quanti</font><font style="color: #262626;">ty of</font><font style="color: #262626;"> ADRs&#178; (</font><font style="color: #262626;">000</font><font style="color: #262626;"> ADRs)</font></font></p>
</td>
<td style="width: 11.36%; border-right: 1pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #ffffff; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">47</font><font style="color: #262626;">,</font><font style="color: #262626;">4</font><font style="color: #262626;">13</font></font></p>
</td>
<td style="width: 12.24%; border-bottom: 0.75pt solid #1f497d; padding: 0px; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">46</font><font style="color: #262626;">,</font><font style="color: #262626;">518</font></font></p>
</td>
<td style="width: 12.52%; border-bottom: 0.75pt solid #1f497d; height: 30px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">47</font><font style="color: #262626;">,</font><font style="color: #262626;">480</font></font></p>
</td>
<td style="width: 11.12%; border-bottom: 0.75pt solid #1f497d; height: 30px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">47</font><font style="color: #262626;">,</font><font style="color: #262626;">4</font><font style="color: #262626;">13</font></font></p>
</td>
<td style="width: 15.22%; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">46</font><font style="color: #262626;">,</font><font style="color: #262626;">518</font></font></p>
</td>
</tr>
<tr style="height: 30px;">
<td style="width: 37.54%; border-right: 1pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #ffffff; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">Average daily trading v</font><font style="color: #262626;">olume (</font><font style="color: #262626;">000</font><font style="color: #262626;"> </font><font style="color: #262626;">ADRs)</font></font></p>
</td>
<td style="width: 11.36%; border-right: 1pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #ffffff; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">,</font><font style="color: #262626;">136</font></font></p>
</td>
<td style="width: 12.24%; border-bottom: 0.75pt solid #1f497d; padding: 0px; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">,</font><font style="color: #262626;">067</font></font></p>
</td>
<td style="width: 12.52%; border-bottom: 0.75pt solid #1f497d; height: 30px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">9</font><font style="color: #262626;">58</font></font></p>
</td>
<td style="width: 11.12%; border-bottom: 0.75pt solid #1f497d; height: 30px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">,</font><font style="color: #262626;">352</font></font></p>
</td>
<td style="width: 15.22%; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">,</font><font style="color: #262626;">193</font></font></p>
</td>
</tr>
<tr style="height: 30px;">
<td style="width: 37.54%; border-right: 1pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #ffffff; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">Volume </font><font style="color: #262626;">daily trading volume</font><font style="color: #262626;"> (US$</font><font style="color: #262626;"> 000</font><font style="color: #262626;">)</font></font></p>
</td>
<td style="width: 11.36%; border-right: 1pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #ffffff; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">4</font><font style="color: #262626;">,</font><font style="color: #262626;">390</font></font></p>
</td>
<td style="width: 12.24%; border-bottom: 0.75pt solid #1f497d; padding: 0px; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">5</font><font style="color: #262626;">,</font><font style="color: #262626;">453</font></font></p>
</td>
<td style="width: 12.52%; border-bottom: 0.75pt solid #1f497d; height: 30px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">3</font><font style="color: #262626;">,</font><font style="color: #262626;">5</font><font style="color: #262626;">94</font></font></p>
</td>
<td style="width: 11.12%; border-bottom: 0.75pt solid #1f497d; height: 30px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">5</font><font style="color: #262626;">,</font><font style="color: #262626;">2</font><font style="color: #262626;">39</font></font></p>
</td>
<td style="width: 15.22%; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">6</font><font style="color: #262626;">,</font><font style="color: #262626;">821</font></font></p>
</td>
</tr>
<tr style="height: 30px;">
<td style="width: 37.54%; border-right: 1pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #ffffff; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">Average share price (</font><font style="color: #262626;">US$/ADRs)</font></font></p>
</td>
<td style="width: 11.36%; border-right: 1pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #ffffff; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">3</font><font style="color: #262626;">.</font><font style="color: #262626;">8</font><font style="color: #262626;">6</font></font></p>
</td>
<td style="width: 12.24%; border-bottom: 0.75pt solid #1f497d; padding: 0px; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">5</font><font style="color: #262626;">.</font><font style="color: #262626;">11</font></font></p>
</td>
<td style="width: 12.52%; border-bottom: 0.75pt solid #1f497d; height: 30px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">3</font><font style="color: #262626;">.</font><font style="color: #262626;">76</font></font></p>
</td>
<td style="width: 11.12%; border-bottom: 0.75pt solid #1f497d; height: 30px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">3</font><font style="color: #262626;">.</font><font style="color: #262626;">88</font></font></p>
</td>
<td style="width: 15.22%; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">5</font><font style="color: #262626;">.</font><font style="color: #262626;">72</font></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td style="width: 37.54%; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #f2f2f2; height: 10px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #262626; font-size: 10pt;">Total</font></p>
</td>
<td style="width: 11.36%; border-right: 1pt solid #1f497d; border-left: 1pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #f2f2f2; height: 10px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.24%; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #f2f2f2; height: 10px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 12.52%; border-bottom: 0.75pt solid #1f497d; background-color: #f2f2f2; height: 10px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 11.12%; border-bottom: 0.75pt solid #1f497d; background-color: #f2f2f2; height: 10px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">&nbsp;</font></p>
</td>
<td style="width: 15.22%; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #f2f2f2; height: 10px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">&nbsp;</font></p>
</td>
</tr>
<tr style="height: 30px;">
<td style="width: 37.54%; border-right: 1pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #ffffff; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">Average daily trading</font><font style="color: #262626;"> </font><font style="color: #262626;">volume</font><font style="color: #262626;"> </font><font style="color: #262626;">(000</font><font style="color: #262626;"> </font><font style="color: #262626;">shares</font><font style="color: #262626;">)</font></font></p>
</td>
<td style="width: 11.36%; border-right: 1pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #ffffff; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">8</font><font style="color: #262626;">,</font><font style="color: #262626;">076</font></font></p>
</td>
<td style="width: 12.24%; border-bottom: 0.75pt solid #1f497d; padding: 0px; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">7</font><font style="color: #262626;">,</font><font style="color: #262626;">6</font><font style="color: #262626;">57</font></font></p>
</td>
<td style="width: 12.52%; border-bottom: 0.75pt solid #1f497d; height: 30px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">8</font><font style="color: #262626;">,</font><font style="color: #262626;">373</font></font></p>
</td>
<td style="width: 11.12%; border-bottom: 0.75pt solid #1f497d; height: 30px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">9</font><font style="color: #262626;">,</font><font style="color: #262626;">691</font></font></p>
</td>
<td style="width: 15.22%; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">7</font><font style="color: #262626;">,</font><font style="color: #262626;">129</font></font></p>
</td>
</tr>
<tr style="height: 30px;">
<td style="width: 37.54%; border-right: 1pt solid #1f497d; border-left: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #ffffff; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">Average daily trading volume </font><font style="color: #262626;">(R$</font><font style="color: #262626;"> 000</font><font style="color: #262626;">)</font></font></p>
</td>
<td style="width: 11.36%; border-right: 1pt solid #1f497d; border-bottom: 1pt solid #1f497d; padding: 0px; background-color: #ffffff; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">16</font><font style="color: #262626;">3</font><font style="color: #262626;">,</font><font style="color: #262626;">786</font></font></p>
</td>
<td style="width: 12.24%; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #ffffff; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">59</font><font style="color: #262626;">,</font><font style="color: #262626;">205</font></font></p>
</td>
<td style="width: 12.52%; border-bottom: 0.75pt solid #1f497d; background-color: #ffffff; height: 30px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">16</font><font style="color: #262626;">8</font><font style="color: #262626;">,</font><font style="color: #262626;">661</font></font></p>
</td>
<td style="width: 11.12%; border-bottom: 0.75pt solid #1f497d; background-color: #ffffff; height: 30px; padding: 0px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">1</font><font style="color: #262626;">79</font><font style="color: #262626;">,</font><font style="color: #262626;">802</font></font></p>
</td>
<td style="width: 15.22%; border-right: 0.75pt solid #1f497d; border-bottom: 0.75pt solid #1f497d; padding: 0px; background-color: #ffffff; height: 30px; vertical-align: top;" valign="top">
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="color: #262626;">15</font><font style="color: #262626;">4</font><font style="color: #262626;">,</font><font style="color: #262626;">019</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-indent: 21.25pt; text-align: justify; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp; &#185; <font style="font-style: italic;">Calcul</font><font style="font-style: italic;">ated on the closing share price for the period</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-indent: 21.25pt; text-align: justify; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;&nbsp;&nbsp;&nbsp; &#178; <font style="font-style: italic;">1 ADR = 1 </font><font style="font-style: italic;">common share</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-indent: 21.25pt; text-align: justify; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-style: italic; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-indent: 21.25pt; text-align: justify; font-size: 7pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #404040;">UGPA3 x </font><font style="font-weight: bold; color: #404040;">Ibovespa</font><font style="font-weight: bold; color: #404040;"> Performance</font><font style="font-weight: bold; color: #404040;"> &#8211; </font><font style="font-weight: bold; color: #404040;">4Q20</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #404040;">(</font><font style="font-weight: bold; color: #404040;">Sep 30, 2020 = 100</font><font style="font-weight: bold; color: #404040;">)</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: center; font-size: 8pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><img src="imgp13dwbsucii04331379.jpg" style="-aw-left-pos: 0pt; -aw-rel-hpos: column; -aw-rel-vpos: paragraph; -aw-top-pos: 0pt; -aw-wrap-type: inline;" alt="Image9"></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; 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; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Source: Broadcast</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">14</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4<sup>th</sup> QUARTER 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgo5jhmb5tx0o04331379.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 8pt; margin-bottom: 0pt; text-align: justify; font-size: 9.5pt;"><br></p>
<table cellspacing="0" cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt;" width="100%">

<tr style="height: 7.1pt;">
<td style="width: 507.95pt; border-bottom: 1.5pt solid #002060; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold; color: #051272;">G</font><font style="font-weight: bold; color: #051272;">uidance for 2021</font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 8pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">According to the Material Notice disclosed on this date, Ultrapar presents its EBITDA guidance for 2021. <font style="width: 11.58pt; display: inline-block;">&nbsp;</font></font></p>
<p style="margin-top: 8pt; margin-bottom: 10pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The main assumptions adopted to formulate the guidance for 2021 were defined during the budgeting process of the Company, which was concluded at the end of 2020, and its primary sources of information were reports of specialized consultant firms and the Focus report published by the Central Bank of Brazil, as follows:</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-top: 3pt; margin-left: 9.14pt; padding-left: 8.86pt; font-family: serif; font-size: 9pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Exchange rate </font>of R$ 5.30/USD</font></li>
<li style="margin-top: 3pt; margin-left: 9.14pt; padding-left: 8.86pt; font-family: serif; font-size: 9pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Brazilian</font><font style="font-weight: bold; color: #051272;"> GDP </font>growth of 2.2% </font></li>
<li style="margin-top: 3pt; margin-left: 9.14pt; padding-left: 8.86pt; font-family: serif; font-size: 9pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Annual inflation</font> of 3.0% (IPCA)</font></li>
</ul>
<p style="margin-top: 10pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">In addition, the Company will not use the zero cost collar structure for Oxiteno in 2021.</font></p>
<p style="margin-top: 8pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">The projections are based in information currently available, estimates and assumptions of the Company&#8217;s executive board, and do not include the effects of potential acquisitions or divestments. Such estimates are not guarantee of performance and involve risks and uncertainties, since they refer to future events and depend on circumstances which may or may not occur. General economic conditions and market conditions, among other factors, may lead to results which differ materially from the numbers disclosed.</font></p>
<p style="margin-top: 8pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 8pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><img src="imghcafgcpncxz04331379.jpg" alt="Graphics"></p>
<p style="margin-top: 8pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p><br></p>
<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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4<sup>th</sup> QUARTER 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgrilomdboexc04331379.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 8pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; 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%">

<tr style="height: 7.1pt;">
<td style="width: 507.95pt; border-bottom: 1.5pt solid #002060; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt;"><font style="font-weight: bold; color: #051272;">C</font><font style="font-weight: bold; color: #051272;">alendar </font><font style="font-weight: bold; color: #051272;">of events </font><font style="font-weight: bold; color: #051272;">2021</font><font style="font-weight: bold; color: #051272;"> </font></font></p>
</td>
</tr>

</table>
<p style="margin-top: 8pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Below is the schedule of events planned with the Company&#8217;s shareholders and investors for 2021. In addition to quarterly earnings disclosures, shareholders&#8217; meeting and Ultra Day, Ultrapar will promote a series of specific events throughout the year with the business heads, in order to increase the exposure of the strategy, results and perspectives, as well as the executives. In addition, the Company will hold meetings and events abroad dedicated to foreign investors. The details of the events will be sent via Ultrapar&#8217;s mailing list. To be part of the distribution list, sign up for the mailing on the IR website, in the &#8220;Investor Services&#8221; section.</font></p>
<p style="margin-top: 8pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 8pt; margin-bottom: 0pt; text-align: center; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><img src="imgfn3nw2ve4j004331380.jpg" style="-aw-left-pos: 0pt; -aw-rel-hpos: column; -aw-rel-vpos: paragraph; -aw-top-pos: 0pt; -aw-wrap-type: inline;" alt="Image11"></font></p>
<p style="margin-top: 8pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; 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%">

<tr style="height: 7.1pt;">
<td style="width: 507.95pt; border-bottom: 1.5pt solid #002060; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin-top: 0pt; margin-bottom: 6pt; line-height: 14pt;"><font style="font-family: 'times new roman', times; font-size: 12pt; font-weight: bold; color: #051272;">4Q20 Conference Call</font></p>
</td>
</tr>

</table>
<p style="margin-top: 8pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar will host a conference call for analysts and investors on February 25, 2021 to comment on the Company&#8217;s performance in the fourth quarter and year of 2020 and outlook. The presentation will be available for download in the Company&#8217;s website 30 minutes prior to the conference call. </font></p>
<p style="margin-top: 8pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><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 10 minutes in advance.</font></p>
<p style="margin-top: 8pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #051272; font-size: 10pt;">Conference call in Portuguese with simultaneous translation into English</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #051272;">Time: 11:00 a.m. (BRT) </font><font style="font-weight: bold; color: #051272;">/ 9:00 a.m. (EST)</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #404040; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #404040; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #404040;">Participants in Brazil:</font><font style="color: #404040;"> </font>+55 (11) 3181-8565 (<font style="text-decoration: underline; color: #0000ff;">HD Web Phone</font>) or + 55 (11) 4210-1803</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #404040;">Code:</font><font style="color: #404040;"> </font>Ultrapar &#8211; in Portuguese</font><br><font style="font-family: 'times new roman', times; font-weight: bold; color: #404040; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #404040;">Replay:</font><font style="color: #404040;"> </font>+55 (11) 3193-1012 (available for seven days)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #404040;">Code:</font><font style="color: #404040;"> </font>0785935#</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; color: #262626; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 11pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #404040;">International Participants:</font><font style="color: #404040;"> </font>+1 (844) 204-8942 (<font style="text-decoration: underline; color: #0000ff;">HD Web Phone</font>) or +1 (412) 717-9627</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #404040;">Code: </font>Ultrapar &#8211; in English</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-weight: bold; color: #404040; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #404040;">Replay:</font><font style="color: #404040;"> </font>+55 (11) 3193-1012 (available for seven days)</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-weight: bold; color: #404040;">Code:</font><font style="color: #404040;"> </font>9792937#</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno">16</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p><br></p>
<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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4<sup>th</sup> QUARTER 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgpx2nf3qjalf04331380.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">&nbsp;</font></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; height: 897px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 14px;">
<td colspan="7" height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times;">ULTRAPAR</font></td>
</tr>
<tr style="height: 14px;">
<td colspan="7" height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times;">CONSOLIDATED BALANCE SHEET</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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
</tr>
<tr style="height: 28px;">
<td height="38" style="height: 28px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 61%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>In million of Reais</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: right; background: white; height: 28px; width: 3%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 28px; width: 10%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 28px; width: 3%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 28px; width: 10%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 28px; width: 3%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 28px; width: 10%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>SEP 20<font style="mso-spacerun: yes;">&nbsp;</font></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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Cash and cash equivalents</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,661.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,115.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,996.3</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,033.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,090.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,582.7</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,868.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,072.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,801.5</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,846.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,715.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,539.6</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,410.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,447.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,144.6</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>132.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>111.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>136.4</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>478.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>465.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>481.1</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>58.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>40.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>69.4</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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>17,489.1</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15,058.1</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>17,751.6</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>977.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>506.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,218.8</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>491.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>418.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>515.2</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>974.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>653.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,068.2</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,736.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>872.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,573.1</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>949.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>921.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>952.4</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>70.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>69.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>79.8</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,227.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,000.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,183.4</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>227.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>197.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>197.0</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>167.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>181.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>170.3</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,150.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,980.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,163.0</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8,005.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,572.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,976.1</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,782.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,762.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,762.2</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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>18,761.1</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16,137.4</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>18,859.5</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>36,250.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>31,195.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>36,611.2</font></td>
</tr>
<tr style="height: 9px;">
<td height="13" style="height: 9px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Loans, financing and hedge derivative financial instruments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,306.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>867.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,004.4</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>949.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>249.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>960.1</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,040.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,700.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,447.4</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>468.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>405.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>514.0</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>455.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>434.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>419.7</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>260.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>206.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>247.7</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>760.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>330.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>409.9</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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9,240.8</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,195.1</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9,003.1</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">Loans, financing and hedge derivative financial instruments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8,526.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,907.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9,240.6</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,594.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,368.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,550.9</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>854.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>884.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>844.6</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>257.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>243.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>234.4</font></td>
</tr>
<tr style="height: 12px;">
<td height="17" style="height: 12px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,573.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,382.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,584.1</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>293.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>379.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>326.2</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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>17,099.1</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16,165.2</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>17,780.8</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 48px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>26,339.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>21,360.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>26,783.9</font></td>
</tr>
<tr style="height: 9px;">
<td height="13" style="height: 9px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,171.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,171.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,171.8</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,006.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,542.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,593.8</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(489.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(485.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(489.1)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(155.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>229.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>147.8</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>376.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>376.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>403.0</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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9,910.3</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9,835.2</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9,827.3</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>36,250.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; 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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>31,195.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>36,611.2</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8,672.2</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,712.1</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9,797.8</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(17,376.2)</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(14,392.7)</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(18,755.9)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,833.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,588.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,831.8)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(10,537.3)</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(10,269.3)</font></td>
<td align="center" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(10,789.9)</font></td>
</tr>
<tr style="height: 2px;">
<td height="3" style="height: 2px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 2px;"><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: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 2px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 2px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 2px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 2px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 2px; text-align: right;"></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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Net cash (debt) ex-IFRS 16</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(8,704.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; text-align: right;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(8,680.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(8,958.1)</font></td>
</tr>

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

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno">17</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p><br></p>
<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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4<sup>th</sup> QUARTER 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgyk0c11l42gg04331380.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; height: 807px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 14px;">
<td colspan="11" height="19" style="height: 14px; padding: 0px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times;">ULTRAPAR</font></td>
</tr>
<tr style="height: 15px;">
<td colspan="11" height="20" style="height: 15px; padding: 0px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">CONSOLIDATED INCOME STATEMENT</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 28px;">
<td height="38" style="height: 28px; padding: 0px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 35%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>In million of Reais<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: right; background: white; height: 28px; width: 3%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 28px; width: 10%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 28px; width: 3%;"><br></td>
<td style="padding: 0px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 28px; width: 10%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q19<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 28px; width: 3%;"><br></td>
<td style="padding: 0px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 28px; width: 10%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>3Q20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 28px; width: 3%;"></td>
<td style="padding: 0px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 28px; width: 10%;"><font style="font-family: 'times new roman', times;">2020</font></td>
<td style="padding: 0px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 28px; width: 3%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 28px; width: 10%;"><font style="font-family: 'times new roman', times;">2019</font></td>
</tr>
<tr style="height: 9px;">
<td height="12" style="height: 9px; padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #1f497d; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 9px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px;"></td>
</tr>
<tr style="height: 3px;">
<td height="5" style="height: 3px; padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 3px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 3px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 3px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 3px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 3px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 3px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 3px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 3px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 3px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 3px;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Net revenue from sales and services</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>23,215.7</font></td>
<td align="center" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>23,662.8</font></td>
<td align="center" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>20,762.1</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>81,241.1</font></td>
<td align="center" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>89,298.0</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Cost of products and services sold</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(21,702.7)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(22,025.4)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(19,123.3)</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(75,628.2)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(83,187.1)</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Gross profit</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,513.0</font></td>
<td align="center" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,637.4</font></td>
<td align="center" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,638.8</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,612.9</font></td>
<td align="center" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,110.9</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Operating expenses</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Selling and marketing</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(677.9)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(651.9)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(630.7)</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2,561.8)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2,640.4)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">General and administrative</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(459.6)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(481.2)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(373.9)</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,536.6)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,726.3)</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Other operating income, net</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>107.1</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>79.6</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(45.9)</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>221.4</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>179.6</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Gain (loss) on disposal of property, plant and equipment and intangibles</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>40.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(30.9)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15.0</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>76.1</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(30.0)</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Impairment</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(593.3)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(593.3)</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px 0px 0px 12px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px;"></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Operating income (loss)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>522.8</font></td>
<td align="center" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(40.3)</font></td>
<td align="center" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>603.3</font></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,812.1</font></td>
<td align="center" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,300.6</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px;"></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Financial result</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Financial income</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>220.9</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>55.4</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>71.6</font></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>527.7</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>457.3</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Financial expenses</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font>(84.4)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(307.5)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(229.5)</font></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(797.1)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(964.1)</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Share of profit (loss) of subsidiaries, joint ventures and associates</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>(13.1)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(4.8)</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(43.6)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(12.1)</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Income before income and social contribution taxes</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>646.2</font></td>
<td align="center" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(286.2)</font></td>
<td align="center" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>440.7</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,499.1</font></td>
<td align="center" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>781.6</font></td>
</tr>
<tr style="height: 10px;">
<td height="7" style="height: 10px; padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; text-align: right;"></td>
</tr>
<tr>
<td style="padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="color: #262626; 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: left; text-indent: 0px; text-transform: none; white-space: nowrap; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Provision for income and social contribution taxes</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><br></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Current</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(283.1)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(181.7)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(205.2)</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(743.2)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(519.3)</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Deferred</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>41.1</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>188.0</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>20.5</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>87.9</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>97.5</font></td>
</tr>
<tr style="height: 15px;">
<td height="20" style="height: 15px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Benefit of tax holidays</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>27.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>12.4</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>21.3</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>83.9</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>43.2</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Net income</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>431.5</font></td>
<td align="center" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(267.7)</font></td>
<td align="center" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>277.3</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>927.7</font></td>
<td align="center" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>402.9</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Net income attributable to:</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>Shareholders of the Company</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>426.0</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(266.5)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>265.4</font></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>893.4</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>373.5</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>Non-controlling interests in subsidiaries</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>5.5</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.1)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>11.9</font></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>34.3</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>29.4</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px;"></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Adjusted EBITDA</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>949.3</font></td>
<td align="center" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>361.5</font></td>
<td align="center" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,038.3</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,478.5</font></td>
<td align="center" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,800.3</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px; color: windowtext; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Depreciation and amortization&#185;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>391.6</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>383.7</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>397.0</font></td>
<td style="padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,556.6</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,500.0</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Cash flow hedge bonds</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>47.9</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>11.9</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>42.9</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>153.5</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>11.9</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px; color: windowtext; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Total investments&#178;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>484.5</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>554.6</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>312.8</font></td>
<td style="padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,508.2</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,630.5</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding: 0px; color: windowtext; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">RATIOS</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"></td>
</tr>
<tr style="height: 5px;">
<td height="6" style="height: 5px; padding: 0px; color: #000000; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Earnings per share (R$)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.39</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.25)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.24</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.82</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.34</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Net debt (ex-IFRS 16) / Stockholders' equity</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.88</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.88</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.91</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.88</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.88</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Net debt / Stockholders' equity</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.06</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.04</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.10</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.06</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.04</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Net debt / LTM Adjusted EBITDA&#179; (ex-IFRS16)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.83</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.87</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.91</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.83</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.87</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Net debt / LTM Adjusted EBITDA&#179;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.03</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.03</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.10</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.03</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3.03</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Net interest expense / Adjusted EBITDA</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; n/a<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.70</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.15</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.08</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.18</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Gross margin (%)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;6.5%</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"><br></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">6.9%</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"><br></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">7.9%</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">6.9%</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">6.8%</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Operating margin (%)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;2.3%</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"><br></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">(0.2%)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"><br></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">2.9%</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">2.2%</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">1.5%</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px 0px 0px 12px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Adjusted EBITDA margin (%)</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 4.1%</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"><br></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">1.5%</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"><br></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">5.0%</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">4.3%</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><br></td>
<td align="right" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;">3.1%</font></td>
</tr>
<tr style="height: 4px;">
<td height="6" style="height: 4px; padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 4px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 4px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 4px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 4px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 4px;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 4px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 4px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 4px; text-align: right;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 4px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 4px; text-align: right;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Number of employees</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15,946</font></td>
<td align="center" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16,024</font></td>
<td align="center" style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"><br></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15,876</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15,946</font></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16,024</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #262626; font-size: 9pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">&#185; Includes amortization with contractual assets with customers &#8211; exclusive rights</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
</tr>
<tr style="height: 19px;">
<td colspan="7" rowspan="3" height="55" style="height: 47px; padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: top; border: none; white-space: normal;">
<p><font style="font-family: 'times new roman', times;">&#178; Includes property, plant and equipment and additions to intangible assets, contractual assets with customers (exclusive rights), initial direct costs of assets with right of use, financing of clients and rental advances (net of repayments) and acquisition of shareholdings</font></p>
<p><font style="font-family: 'times new roman', times;">&#179; LTM adjusted EBITDA does not consider impairment of Extrafarma for 3Q20, 4Q19 and 2019</font><br></p>
</td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; height: 19px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 19px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 19px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 19px;"></td>
</tr>
<tr style="height: 14px;">
<td height="18" style="height: 14px; padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;">&nbsp;</td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><br></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;">&nbsp;</td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;">&nbsp;</td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;">&nbsp;</td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"></td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;">&nbsp;</td>
<td style="padding: 0px; color: #000000; font-size: 9pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
</tr>

</table>
<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">18</font></td>
</tr>

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

<tr style="mso-height-source: userset; height: 14.25pt;">
<td colspan="5" height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times;">ULTRAPAR</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td colspan="5" height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">CONSOLIDATED CASH FLOW</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="mso-height-source: userset; height: 18.0pt;">
<td height="24" style="height: 18pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: left; background: #f2f2f2; width: 74%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>In million of Reais</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 3%;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; width: 10%;"><font style="font-family: 'times new roman', times;">JAN - DEC</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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: right; background: white; width: 3%;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; width: 10%;"><font style="font-family: 'times new roman', times;">JAN - DEC</font></td>
</tr>
<tr style="mso-height-source: userset; height: 16.5pt;">
<td height="22" style="height: 16.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">2020</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">2019</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>927.7</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>402.9</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>43.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>12.1</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>289.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>355.3</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>328.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>300.1</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>938.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>844.6</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>14.9</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>904.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,248.7</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(87.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(97.5)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(76.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>30.0</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Impairment</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>593.3</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>13.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>30.0</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.8)</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(23.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>10.7</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>10.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7.7</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">Provision for decarbonization - CBIOs</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>124.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>18.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6.6</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.4</font></td>
</tr>
<tr style="mso-height-source: userset; height: 8.25pt;">
<td height="11" style="height: 8.25pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,428.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,761.0</font></td>
</tr>
<tr style="mso-height-source: userset; height: 8.25pt;">
<td height="11" style="height: 8.25pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>209.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>361.6</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(125.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(357.6)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>36.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(550.8)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4.1</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(20.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>21.7</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(74.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(15.5)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 8.25pt;">
<td height="11" style="height: 8.25pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #ff0000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #ff0000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,147.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(31.6)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>63.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(22.6)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.9</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>347.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>250.5</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(16.7)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>66.8</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(9.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.1</font></td>
</tr>
<tr style="mso-height-source: userset; height: 8.25pt;">
<td height="11" style="height: 8.25pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #ff0000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #ff0000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(73.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>11.4</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(863.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(19.5)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(28.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(39.9)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(27.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.8)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(4.4)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 8.25pt;">
<td height="11" style="height: 8.25pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #ff0000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #ff0000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>12.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(15.4)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(49.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>27.7</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(11.9)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 8.25pt;">
<td height="11" style="height: 8.25pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">CBIO acquisition</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(125.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(356.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(330.1)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">Contingency payments</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(45.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(25.1)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(342.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(141.2)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 8.25pt;">
<td height="11" style="height: 8.25pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,138.1</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,924.9</font></td>
</tr>
<tr style="mso-height-source: userset; height: 8.25pt;">
<td height="11" style="height: 8.25pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,116.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(555.4)</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(965.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,020.0)</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(185.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(152.0)</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(28.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(79.1)</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(68.0)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>160.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>39.3</font></td>
</tr>
<tr style="mso-height-source: userset; height: 8.25pt;">
<td height="11" style="height: 8.25pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2,136.4)</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,835.3)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 8.25pt;">
<td height="11" style="height: 8.25pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,591.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,105.7</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2,795.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2,644.7)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 12px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(740.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,469.8)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(360.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(321.7)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(284.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(596.4)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.2)</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7.0</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">Related parties</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.1)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 8.25pt;">
<td height="11" style="height: 8.25pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Net cash provided by (used in) 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(592.3)</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2,922.2)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 8.25pt;">
<td height="11" style="height: 8.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ff0000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #ff0000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>136.7</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9.1</font></td>
</tr>
<tr style="mso-height-source: userset; height: 8.25pt;">
<td height="11" style="height: 8.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ff0000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #ff0000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>546.1</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,823.6)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 8.25pt;">
<td height="11" style="height: 8.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ff0000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #ff0000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,115.4</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,939.0</font></td>
</tr>
<tr style="mso-height-source: userset; height: 8.25pt;">
<td height="11" style="height: 8.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #ff0000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #ff0000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,661.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,115.4</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 6.75pt;">
<td height="9" style="height: 6.75pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>484.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>334.9</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>193.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>47.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #404040; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font style="mso-spacerun: yes;">&nbsp;&nbsp; </font></font></td>
</tr>

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

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno">19</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p><br></p>
<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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4<sup>th</sup> QUARTER 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgt5lhfxo0um504331380.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 99.3469%; margin-left: 0.1px; height: 330px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td colspan="10" height="18" width="980" style="height: 10px; width: 99.6729%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times;">ULTRAGAZ</font></td>
</tr>
<tr style="height: 13px;">
<td colspan="10" height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 99.6729%;"><font style="font-family: 'times new roman', times;">BALANCE SHEET</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 52.6574%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.2208%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; width: 1.30826%; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9.8937%; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.0572%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.39002%; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 28px;">
<td height="38" style="height: 28px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 52.6574%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; width: 1.30826%; height: 28px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="89" style="width: 10.2208%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 28px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; width: 1.30826%; height: 28px;"></td>
<td width="89" style="width: 10.2208%; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 28px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; width: 1.30826%; height: 28px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; width: 9.8937%; height: 28px;"><font style="font-family: 'times new roman', times;"><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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 28px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.0572%; height: 28px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.39002%; height: 28px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 9px;">
<td height="12" style="height: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 52.6574%;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 1.30826%; height: 9px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; width: 10.2208%; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; width: 1.30826%; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; width: 10.2208%; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 1.30826%; height: 9px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; width: 9.8937%; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 1.30826%; height: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 10.0572%; height: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 1.39002%; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 52.6574%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.30826%; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 14px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.30826%; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 14px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.30826%; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9.8937%; height: 14px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.0572%; height: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.39002%; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 52.6574%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>369.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.30826%; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>379.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9.8937%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>366.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.0572%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.39002%; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 52.6574%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>30.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.30826%; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>10.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9.8937%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>31.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.0572%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.39002%; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 52.6574%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>139.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.30826%; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>142.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9.8937%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>122.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.0572%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.39002%; height: 13px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 52.6574%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>102.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.30826%; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>86.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9.8937%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>97.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.0572%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.39002%; height: 13px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 52.6574%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>214.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.30826%; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>217.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9.8937%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>218.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.0572%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.39002%; height: 13px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 52.6574%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>79.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.30826%; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>60.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9.8937%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>63.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.0572%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.39002%; height: 13px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 52.6574%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>110.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.30826%; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>133.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9.8937%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>110.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.0572%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.39002%; height: 13px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 52.6574%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,082.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.30826%; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>994.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9.8937%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,045.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.0572%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.39002%; height: 13px;"></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 52.6574%;"><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: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.2208%; height: 5px; 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: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.30826%; height: 5px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.2208%; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9.8937%; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.0572%; height: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.39002%; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 52.6574%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 10.2208%; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,128.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.30826%; height: 15px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 10.2208%; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,026.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 1.30826%; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 9.8937%; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,056.4</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.0572%; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.39002%; height: 15px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 9px;">
<td height="13" style="height: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 52.6574%;"><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: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 1.30826%; height: 9px;"><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: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.2208%; height: 9px; 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: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; width: 1.30826%; height: 9px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.2208%; height: 9px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 1.30826%; height: 9px;"><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: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9.8937%; height: 9px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 1.30826%; height: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 10.0572%; height: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 1.39002%; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 52.6574%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.30826%; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 14px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.30826%; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 14px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.30826%; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9.8937%; height: 14px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.0572%; height: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.39002%; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 52.6574%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>103.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.30826%; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>76.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9.8937%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>88.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.0572%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.39002%; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 52.6574%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>81.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.30826%; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>96.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9.8937%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>105.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.0572%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.39002%; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 52.6574%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>24.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.30826%; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>11.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9.8937%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>25.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.0572%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.39002%; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 52.6574%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>128.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.30826%; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>125.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9.8937%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>127.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.0572%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.39002%; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 52.6574%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>150.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.30826%; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>172.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9.8937%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>150.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.0572%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.39002%; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 52.6574%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>79.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.30826%; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>99.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9.8937%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>80.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.0572%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.39002%; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 52.6574%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.2208%; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.30826%; height: 5px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.2208%; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9.8937%; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.0572%; height: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.39002%; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 52.6574%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>567.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 1.30826%; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 10.2208%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>582.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 9.8937%; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>577.8</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.30826%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10.0572%; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.39002%; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>

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

<tr style="height: 13.5pt;">
<td colspan="11" height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">INCOME STATEMENT</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="mso-height-source: userset; height: 7.5pt;">
<td height="10" style="height: 7.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="mso-height-source: userset; height: 27.75pt;">
<td height="37" style="height: 27.75pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 45%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>In million of Reais<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; width: 1%;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2; width: 10%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q20<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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: center; width: 1%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2; width: 10%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q19<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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; width: 1%;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; width: 10%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>3Q20<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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; width: 1%;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; width: 10%;"><font style="font-family: 'times new roman', times;">2020</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; width: 1%;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; width: 10%;"><font style="font-family: 'times new roman', times;">2019</font></td>
</tr>
<tr style="mso-height-source: userset; height: 14.25pt;">
<td height="19" style="height: 14.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white;"><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: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Net 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,968.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,787.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,954.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,408.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,094.8</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,708.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,518.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,636.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(6,310.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(6,105.0)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>260.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>269.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>318.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,098.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>989.9</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(108.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(105.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(104.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(423.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(426.2)</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(62.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(58.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(54.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(196.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(210.4)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>13.0</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2.7</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>92.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>113.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>162.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>494.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>369.0</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 12.75pt;">
<td height="17" style="height: 12.75pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Share of profit of subsidiaries, joint ventures and associates</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.0)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>154.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>167.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>222.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>729.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>586.7</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>61.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>54.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>59.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>234.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>217.7</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 5.1pt;">
<td height="6" style="height: 5.1pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>612</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>624</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>702</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>634</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>580</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>218</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>262</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>359</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>285</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>216</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Adjusted 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>363</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>389</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>491</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>421</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>344</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white;"><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: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white;"><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: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; 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: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; 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: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; 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: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; 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: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; 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: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,397</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,414</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,421</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,397</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,414</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</td>
</tr>
<tr style="height: 14.25pt;">
<td height="19" style="height: 14.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">&#185; Includes amortization with 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</td>
</tr>

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

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno">20</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p><br></p>
<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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4<sup>th</sup> QUARTER 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="img1eklhiagrqp04331380.jpg" alt="Graphics"></td>
</tr>

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

<tr style="height: 13.5pt;">
<td colspan="11" height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times;">ULTRACARGO</font></td>
</tr>
<tr style="height: 13.5pt;">
<td colspan="11" height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">BALANCE SHEET</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="mso-height-source: userset; height: 27.75pt;">
<td height="37" style="height: 27.75pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 45%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; width: 1%;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; width: 10%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-image: initial; white-space: nowrap; text-align: center; width: 1%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: normal; text-align: center; background: #f2f2f2; width: 10%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; width: 1%;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; width: 10%;"><font style="font-family: 'times new roman', times;"><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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 1.14473%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 8.91251%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 1.14473%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9.07604%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="mso-height-source: userset; height: 9.0pt;">
<td height="12" style="height: 9pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 14.25pt;">
<td height="19" style="height: 14.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>32.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>34.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>43.4</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7.8</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>21.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>28.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>31.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>12.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>30.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>468.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>350.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>473.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,463.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,317.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,381.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="mso-height-source: userset; height: 15.0pt;">
<td height="20" style="height: 15pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,024.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,749.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,951.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="mso-height-source: userset; height: 9.95pt;">
<td height="13" style="height: 9.95pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 14.25pt;">
<td height="19" style="height: 14.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>81.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>33.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>64.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>39.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>28.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>41.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15.4</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>10.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>10.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9.4</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>437.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>304.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>438.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Other&#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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>95.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>107.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>94.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>671.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>493.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>664.4</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="mso-height-source: userset; height: 13.5pt;">
<td colspan="7" rowspan="2" height="35" style="height: 26.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: left;"><font style="font-family: 'times new roman', times;">&#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></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</td>
</tr>
<tr style="mso-height-source: userset; height: 12.75pt;">
<td height="17" style="height: 12.75pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; height: 349px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 13px;">
<td colspan="11" height="18" width="995" style="height: 13px; width: 748pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">INCOME STATEMENT</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 6px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 6px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 6px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 6px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 6px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 6px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 27px;">
<td height="37" style="height: 27px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>In million of Reais<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 27px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="89" style="width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: normal; text-align: center; background: #f2f2f2; height: 27px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q20<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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: center; height: 27px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2; height: 27px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q19<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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 27px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 27px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>3Q20<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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 27px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 27px;"><font style="font-family: 'times new roman', times;">2020</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 27px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 27px;"><font style="font-family: 'times new roman', times;">2019</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; 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: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 12px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Net 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>166.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>152.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>159.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>644.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>540.8</font></td>
</tr>
<tr style="height: 5px;">
<td height="6" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(73.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(73.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(68.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(270.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(261.0)</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>92.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>79.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>91.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>374.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>279.7</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></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: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(6.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(8.6)</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: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(32.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(40.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(33.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(123.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(124.8)</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(62.4)</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.8)</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 15px;">
<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>54.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>34.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>55.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>251.8</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 15px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>83.2</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">Share of profit of subsidiaries, joint ventures and associates</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.4</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>77.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>53.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>78.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>337.5</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>164.8</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>22.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>20.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>22.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>85.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>80.3</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></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: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">55.5%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">51.9%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">57.4%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">58.1%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">51.7%</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: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">33.0%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">22.3%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">34.6%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">39.1%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">15.4%</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">46.4%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">35.1%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">49.1%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">52.4%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;">30.5%</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><br></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; text-align: right;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>926</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>792</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>911</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>926</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>792</font></td>
</tr>

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

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno">21</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p><br></p>
<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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4<sup>th</sup> QUARTER 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgvbtjt0mksxq04331380.jpg" alt="Graphics"></td>
</tr>

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

<tr style="height: 13.5pt;">
<td colspan="11" height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times;">OXITENO</font></td>
</tr>
<tr style="height: 13.5pt;">
<td colspan="11" height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">BALANCE SHEET</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>
<tr style="mso-height-source: userset; height: 27.75pt;">
<td height="37" style="height: 27.75pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 46%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; width: 1%;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; width: 10%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-image: initial; white-space: nowrap; text-align: center; width: 1%;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: normal; text-align: center; background: #f2f2f2; width: 10%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; width: 1%;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; width: 10%;"><font style="font-family: 'times new roman', times;"><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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.22649%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9.07604%;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 1.22649%;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9.15781%;"></td>
</tr>
<tr style="mso-height-source: userset; height: 9.0pt;">
<td height="12" style="height: 9pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"></td>
</tr>
<tr style="height: 14.25pt;">
<td height="19" style="height: 14.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>875.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>537.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>738.4</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,034.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>768.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>941.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>741.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>586.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>642.4</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>157.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>162.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>158.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>45.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>37.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>41.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,881.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,635.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,994.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>
<tr style="mso-height-source: userset; height: 15.0pt;">
<td height="20" style="height: 15pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,736.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,727.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,516.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>
<tr style="mso-height-source: userset; height: 9.95pt;">
<td height="13" style="height: 9.95pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>
<tr style="height: 14.25pt;">
<td height="19" style="height: 14.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>714.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>354.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>638.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>158.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>108.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>148.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>49.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>34.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>62.5</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>24.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>23.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>27.4</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>48.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>38.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>44.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>42.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>45.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>41.5</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,038.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>605.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>962.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>

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

<tr style="height: 13.5pt;">
<td colspan="11" height="18" width="977" style="height: 13.5pt; width: 734pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">INCOME STATEMENT</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="mso-height-source: userset; height: 7.5pt;">
<td height="10" style="height: 7.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>
<tr style="mso-height-source: userset; height: 28.5pt;">
<td height="38" style="height: 28.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>In million of Reais<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="89" style="width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: normal; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q20<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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q19<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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>3Q20<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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">2020</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">2019</font></td>
</tr>
<tr style="mso-height-source: userset; height: 11.25pt;">
<td height="15" style="height: 11.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Net revenues</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,476.8</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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,011.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,425.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,210.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,254.2</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,009.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(662.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(964.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(3,501.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(2,883.6)</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(124.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(118.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(134.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(485.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(466.0)</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(52.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(47.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(53.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(201.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(187.9)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>290.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>184.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>272.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,022.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>716.7</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(106.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(77.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(105.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(386.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(328.8)</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(120.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(118.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(113.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(433.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(395.3)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>85.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>159.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>8.1</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(5.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(13.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(5.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(13.4)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>143.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; 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: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(20.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>54.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>355.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(12.8)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.1pt;">
<td height="6" style="height: 5.1pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">Share of profit of subsidiaries, joint ventures and associates</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.5</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>261.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>56.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>168.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>784.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>221.6</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>71.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>65.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>71.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>275.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>222.0</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;">Cash flow hedge from 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>47.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>11.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>42.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>153.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>11.9</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,424</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,055</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,347</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,357</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>977</font></td>
</tr>
<tr style="mso-height-source: userset; height: 15.0pt;">
<td height="20" style="height: 15pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>264</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>256</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>250</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>263</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>248</font></td>
</tr>
<tr style="mso-height-source: userset; height: 15.0pt;">
<td height="20" style="height: 15pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>702</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(117)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>267</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>472</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(17)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 15.0pt;">
<td height="20" style="height: 15pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>130</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(28)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>50</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>92</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(4)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 15.0pt;">
<td height="20" style="height: 15pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Adjusted 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,284</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>325</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>834</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,042</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>302</font></td>
</tr>
<tr style="mso-height-source: userset; height: 15.0pt;">
<td height="20" style="height: 15pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>Adjusted 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>238</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>79</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>155</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>202</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>77</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 12.75pt;">
<td height="17" style="height: 12.75pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,851</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,844</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,849</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,851</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,844</font></td>
</tr>

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

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno">22</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p><br></p>
<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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4<sup>th</sup> QUARTER 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imggbr0chv4i0104331380.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="border-collapse: collapse; width: 100%; margin-left: 0.1px; height: 351px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 13px;">
<td colspan="11" height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times;">IPIRANGA</font></td>
</tr>
<tr style="height: 13px;">
<td colspan="11" height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">BALANCE SHEET</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
</tr>
<tr style="height: 27px;">
<td height="37" style="height: 27px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 46%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 27px; width: 1%;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 27px; width: 10%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 27px; width: 1%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 27px; width: 10%;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 27px; width: 1%;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 27px; width: 10%;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 27px; width: 1.14473%;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 27px; width: 8.91251%;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 27px; width: 1.14473%;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 27px; width: 9.07604%;"></td>
</tr>
<tr style="height: 9px;">
<td height="12" style="height: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,546.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,017.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,584.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>460.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>407.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>483.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,144.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,251.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,000.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,412.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>960.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,226.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,700.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,463.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,658.5</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>503.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>459.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>511.5</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,106.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,027.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,098.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,579.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,610.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,534.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 9px;">
<td height="13" style="height: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>13,454.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: right; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>13,197.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; text-align: right; height: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right; height: 14px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>13,097.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 12px;">
<td height="16" 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 12px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 14px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,886.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,975.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,484.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>99.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>124.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>117.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>262.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>233.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>230.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>183.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>178.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>184.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>309.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>332.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>298.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>766.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>650.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>752.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>259.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>271.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>347.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 5px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,766.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,766.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right; height: 13px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right; height: 13px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>4,414.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px;">&nbsp;</td>
</tr>

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

<tr style="height: 13.5pt;">
<td colspan="11" height="18" style="height: 13.5pt; width: 992px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">INCOME STATEMENT</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 480px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px;"></td>
</tr>
<tr style="mso-height-source: userset; height: 7.5pt;">
<td height="10" style="height: 7.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 480px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px;"></td>
</tr>
<tr style="mso-height-source: userset; height: 28.5pt;">
<td height="38" style="height: 28.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 480px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>In million of Reais<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; width: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 87px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: normal; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q20<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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: center; width: 8px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2; width: 87px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q19<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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; width: 9px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; width: 88px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>3Q20<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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; width: 9px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; width: 88px;"><font style="font-family: 'times new roman', times;">2020</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; width: 88px;"><font style="font-family: 'times new roman', times;">2019</font></td>
</tr>
<tr style="mso-height-source: userset; height: 15.0pt;">
<td height="20" style="height: 15pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 480px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 9px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; width: 88px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; width: 9px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; width: 88px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 10px;"><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: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; width: 89px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 10px;"><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: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; width: 89px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 11px;"><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: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; width: 89px;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 480px;"><font style="font-family: 'times new roman', times;">Net 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 8px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; width: 87px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19,115.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; width: 8px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; width: 87px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>20,232.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16,767.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>66,133.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>75,452.5</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 480px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 480px;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(18,414.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(19,289.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(15,955.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(63,609.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(71,962.7)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 480px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 480px;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 8px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; width: 87px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>701.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; width: 8px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; width: 87px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>943.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>811.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,523.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,489.7</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 480px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 480px;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 480px;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(316.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(304.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(272.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,169.4)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,232.1)</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 480px;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(156.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(218.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(134.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(538.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(770.0)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 480px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 480px;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>23.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>76.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(46.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>42.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>187.0</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 480px;"><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: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>46.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>12.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>80.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.2)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 480px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 480px;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 8px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; width: 87px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>299.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; width: 8px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; width: 87px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>498.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>371.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>938.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,674.4</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 480px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 480px;"><font style="font-family: 'times new roman', times;">Share of profit of subsidiaries, joint ventures and associates</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(0.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1.8</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 480px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 480px;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 8px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; width: 87px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>487.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; width: 8px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; width: 87px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>699.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>565.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,711.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,486.6</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 480px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 480px;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>190.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>200.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>194.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>774.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>810.3</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 480px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 480px;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: right; width: 88px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: right; width: 89px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: right; width: 89px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: right; width: 89px;"></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 480px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 480px;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>121</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>154</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>147</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>118</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>149</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 480px;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>51</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>82</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>67</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>44</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>71</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 480px;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>84</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>114</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>102</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>80</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>106</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 480px;"><font style="font-family: 'times new roman', times;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 9px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;">2.5%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;">3.5%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10px; text-align: right;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;">3.4%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 10px; text-align: right;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;">2.6%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 11px; text-align: right;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;">3.3%</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; width: 480px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: right;"></td>
<td style="width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 10px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 10px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 480px;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,107</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,090</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,107</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,107</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,090</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; width: 480px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"></td>
<td style="width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal;"></td>
<td style="width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: right;"></td>
<td style="width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: right;"></td>
<td style="width: 88px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: right;"></td>
<td style="width: 10px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: right;"></td>
<td style="width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: right;"></td>
<td style="width: 10px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: right;"></td>
<td style="width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: right;"></td>
<td style="width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: right;"></td>
<td style="width: 89px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: right;"></td>
</tr>
<tr style="height: 12.75pt;">
<td height="17" style="height: 12.75pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; width: 480px;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,378</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 88px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,289</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,323</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 10px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,378</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 11px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,289</font></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 8pt;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 8pt;">&#185; Includes amortization in contractual assets with customers - exclusive rights</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">23</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<p><br></p>
<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; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><font style="color: #051272; font-family: 'times new roman', times; font-size: 18.6667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4<sup>th</sup> QUARTER 2020</font></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgmyr3s4gouhh04331380.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<table border="0" cellpadding="0" cellspacing="0" width="100%" style="height: 312px; border-collapse: collapse; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 13px;">
<td colspan="11" height="18" style="height: 13px; width: 978px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times;">EXTRAFARMA</font></td>
</tr>
<tr style="height: 13px;">
<td colspan="11" height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; width: 978px;"><font style="font-family: 'times new roman', times;">BALANCE SHEET</font></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 469px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 90px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 87px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 86px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 28px;">
<td height="38" style="height: 28px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 469px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp; </font>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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right; background: white; height: 28px; width: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="width: 89px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: normal; text-align: center; background: #f2f2f2; height: 28px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 20<font style="mso-spacerun: yes;">&nbsp;</font></font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-image: initial; white-space: nowrap; text-align: center; height: 28px; width: 9px;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; width: 89px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: normal; text-align: center; background: #f2f2f2; height: 28px;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>DEC 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white; height: 28px; width: 9px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2; height: 28px; width: 86px;"><font style="font-family: 'times new roman', times;"><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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 28px; width: 9px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 28px; width: 86px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 28px; width: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 28px; width: 86px;"></td>
</tr>
<tr style="height: 9px;">
<td height="12" style="height: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; width: 469px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px; width: 90px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; height: 9px; width: 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px; width: 90px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white; height: 9px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; height: 9px; width: 87px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; width: 86px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; width: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; width: 86px;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 469px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 90px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 90px;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 87px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 86px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 86px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 458px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>41.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>105.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>54.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 458px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>520.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>547.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>468.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 458px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>237.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>225.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>227.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 458px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>25.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>21.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>26.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 458px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>383.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>425.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>402.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 458px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>488.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>535.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>497.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
</tr>
<tr style="height: 5px;">
<td height="7" style="height: 5px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 469px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 90px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 10px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 90px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 87px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 5px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 86px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 5px; width: 86px;"></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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 469px;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 15px; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 15px; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,696.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; height: 15px; width: 9px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 15px; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,861.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 15px; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 15px; width: 86px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,676.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 15px; width: 9px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 86px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 15px; width: 86px;"></td>
</tr>
<tr style="height: 9px;">
<td height="13" style="height: 9px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 469px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; width: 90px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; width: 10px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; width: 90px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px; width: 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; width: 87px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 9px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; width: 86px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; width: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 9px; width: 86px;"></td>
</tr>
<tr style="height: 14px;">
<td height="19" style="height: 14px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 469px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 90px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 10px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 90px; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 10px; text-align: right;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 87px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 14px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 86px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 14px; width: 86px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 458px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>237.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>247.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>167.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 458px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>43.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>45.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>60.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 458px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>18.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>34.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>20.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 458px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>20.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>9.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 458px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>392.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>417.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>407.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white; width: 458px;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>19.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 90px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>20.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 87px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>15.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
</tr>
<tr style="height: 10px;">
<td height="7" style="height: 10px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; width: 469px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; width: 90px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; width: 10px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; width: 90px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px; width: 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; width: 87px; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 10px; width: 10px;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; width: 86px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; width: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 10px; width: 86px;"></td>
</tr>
<tr style="height: 13px;">
<td height="18" style="height: 13px; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2; width: 469px;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 13px; width: 9px;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>720.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; height: 13px; width: 9px; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; height: 13px; width: 89px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>786.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; height: 13px; width: 9px; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; height: 13px; width: 86px; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>680.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; height: 13px; width: 9px;">&nbsp;</td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 10px;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; height: 13px; width: 86px;"></td>
</tr>

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

<tr style="height: 13.5pt;">
<td colspan="11" height="18" width="983" style="height: 13.5pt; width: 739pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">INCOME STATEMENT</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="mso-height-source: userset; height: 9.0pt;">
<td height="12" style="height: 9pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>
<tr style="mso-height-source: userset; height: 28.5pt;">
<td height="38" style="height: 28.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>In million of Reais<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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: right; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="89" style="width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: normal; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q20<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: 'Century Gothic', sans-serif; vertical-align: bottom; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: center;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td style="border-left: none; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>4Q19<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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;</font>3Q20<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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">2020</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #1f497d; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: center; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">2019</font></td>
</tr>
<tr style="mso-height-source: userset; height: 17.25pt;">
<td height="23" style="height: 17.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: center; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>548.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>528.1</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>522.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,106.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,174.2</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(29.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(26.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(30.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(118.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(113.6)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">Net 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>518.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>501.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>492.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>1,988.4</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>2,060.6</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(363.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(347.0)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(344.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,399.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1,462.3)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>155.6</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>154.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>147.5</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>589.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>598.3</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(156.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(177.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(158.9)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(653.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(738.5)</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(8.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.8)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>31.5</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><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: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(1.2)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(18.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>0.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(3.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(18.3)</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(593.3)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(593.3)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(3.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(642.7)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(11.1)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(69.6)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(720.3)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; text-align: left; background: #f2f2f2;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: none; border-bottom: 1pt solid #bfbfbf; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>34.0</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border-top: none; border-right: 1pt solid #bfbfbf; border-bottom: none; border-left: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</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: 'Century Gothic', sans-serif; vertical-align: middle; border-top: 1pt solid #bfbfbf; border-right: 1pt solid #bfbfbf; border-bottom: 1pt solid #bfbfbf; border-image: initial; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(603.5)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>27.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>84.3</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: middle; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: middle; border: 1pt solid #bfbfbf; white-space: nowrap; background: #f2f2f2; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>(565.9)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><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: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>37.7</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>39.2</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>38.8</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>153.9</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>154.3</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" style="height: 5.25pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="mso-height-source: userset; height: 4.5pt;">
<td height="6" style="height: 4.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; 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: windowtext; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">28.4%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">29.3%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">28.2%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">28.0%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white; text-align: right;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">27.5%</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">(0.7%)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">(121.7%)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">(2.1%)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">(3.3%)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">(33.1%)</font></td>
</tr>
<tr style="height: 13.5pt;">
<td height="18" style="height: 13.5pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp; </font>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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; background: white;"><font style="font-family: 'times new roman', times;">&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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">6.2%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">(114.3%)</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">5.3%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">4.0%</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"></td>
<td align="right" style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;">(26.0%)</font></td>
</tr>
<tr style="mso-height-source: userset; height: 5.25pt;">
<td height="7" width="478" style="height: 5.25pt; width: 359pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="12" style="width: 9pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="89" style="width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="12" style="width: 9pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; text-align: right;"></td>
<td width="89" style="width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="12" style="width: 9pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="89" style="width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="12" style="width: 9pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="89" style="width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="12" style="width: 9pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
<td width="89" style="width: 67pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #000000; font-size: 8pt; font-weight: 400; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: normal; background: white; text-align: right;"><font style="font-family: 'times new roman', times;">&nbsp;</font></td>
</tr>
<tr style="height: 12.75pt;">
<td height="17" style="height: 12.75pt; padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: left;"><font style="font-family: 'times new roman', times;">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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap;"></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,921</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,292</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,893</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>5,921</font></td>
<td style="padding-top: 1px; padding-right: 1px; padding-left: 1px; color: #262626; font-size: 10pt; font-weight: bold; font-style: normal; text-decoration: none; font-family: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; 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: 'Century Gothic', sans-serif; vertical-align: bottom; border: none; white-space: nowrap; text-align: right;"><font style="font-family: 'times new roman', times;"><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>6,292</font></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt;"><font style="font-family: &quot;times new roman&quot;, times; font-size: 8pt;">&#185; Calculated based on gross revenue</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">24</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="-aw-different-first-page: true; -aw-headerfooter-type: header-primary; clear: both;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><font style="font-size: 10pt; font-weight: bold;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font><br></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: 150%; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-weight: bold; letter-spacing: 0.8pt; font-size: 10pt;">&nbsp;</font></p>
<h2 style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; page-break-after: avoid; line-height: 150%; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="letter-spacing: 0.8pt;">Publicly</font><font style="letter-spacing: 0.8pt;"> </font><font style="letter-spacing: 0.8pt;">T</font><font style="letter-spacing: 0.8pt;">raded</font><font style="letter-spacing: 0.8pt;"> </font><font style="letter-spacing: 0.8pt;">C</font><font style="letter-spacing: 0.8pt;">ompany</font></font></h2>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: 150%; font-size: 10pt;"><font style="font-family: 'times new roman', times; letter-spacing: 0.8pt; 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%">

<tr>
<td style="width: 199.45pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin: 0pt; line-height: 150%; font-size: 10pt; text-indent: 0px; color: #000000; text-align: center;"><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-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">CNPJ nr 33.256.439/0001-39</font></p>
</td>
<td style="width: 199.45pt; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: top;">
<p style="margin: 0pt; line-height: 150%; font-size: 10pt; text-indent: 0px; color: #000000; text-align: center;"><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-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">NIRE 35.300.109.724</font></p>
</td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: 150%; font-size: 10pt;"><font style="font-family: 'times new roman', times; letter-spacing: 0.8pt; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; line-height: 150%; font-size: 10pt; text-indent: 0px; text-align: center;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS </font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Date, Time and Location:</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">February 24, 2021, at 10:00 a.m., at the Company&#8217;s headquarters, located at Av. Brigadeiro Lu&#237;s Ant&#244;nio, nr 1343, 9th floor, in the City of and State of S&#227;o Paulo, also contemplating participation through Microsoft Teams.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'times new roman', times; letter-spacing: 0.8pt; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Attendance:</font></p>
<p style="margin: 0pt; line-height: 16pt; text-indent: 0px;"><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-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">(i) Members of the Board of Directors undersigned; (ii) secretary of the Board of Directors, Mr. Andr&#233; Brickmann Areno; (iii) Chief Executive Officer, Mr. Frederico Pinheiro Fleury Curado; (iv) Chief Financial and Investor Relations Officer, Mr. Rodrigo de Almeida Pizzinatto; (v) in relation to item 1 of the agenda, other executive officers of the Company, Mrs. D&#233;cio de Sampaio Amaral, Jo&#227;o Benjamin Parolin, Marcelo Pereira Malta de Ara&#250;jo and Tabajara Bertelli Costa; (vi) in relation to items 1 and 9 of the agenda, the coordinator of the Audit and Risks Committee, Mr. Fl&#225;vio Cesar Maia Luz; and (vii) in relation to item 1 of the agenda, the president of the Fiscal Council, Mr. Geraldo Toffanello.&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 16pt; text-indent: 0px;"><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-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><br></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 16pt; text-indent: 0px;"><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-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font style="margin: 0pt; text-align: justify; line-height: 150%; text-indent: 0px;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Agenda and&nbsp;decisions:</font><br></font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 16pt; text-indent: 0px;"><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-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><br></font></p>
<table style="height: 248px; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 34px;">
<td style="height: 34px; vertical-align: top; padding: 0px;" valign="top"><font style="font-size: 10pt;">1.</font></td>
<td style="height: 34px; vertical-align: top; padding: 0px;" colspan="2" valign="top"><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: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The Board members approved, after being examined and discussed, the financial statements of the Company, including the balance sheet and management report for the fiscal year ended on December 31, 2020, as well as the destination of net earnings for the year and the distribution of dividends, supported by the independent auditors&#8217; report, and recommend their approval by the General Shareholders&#8217; Meeting.</font><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
</tr>
<tr style="height: 34px;">
<td style="height: 34px; vertical-align: top; padding: 0px;" valign="top"><font style="font-size: 10pt;">2.</font></td>
<td style="height: 34px; vertical-align: top; padding: 0px;" colspan="2" valign="top"><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: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The Board of Directors approved, ad referendum to the Annual General Shareholders&#8217; Meeting, the following destination of net earnings for the year ended on December 31, 2020, in the amount of R$ 893,383,505.12 (eight hundred ninety-three million, three hundred eighty-three thousand, five hundred and five Reais and twelve cents of Real), as described below:</font><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px; width: 3%;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px; width: 2%;" valign="top"><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: 1.06667px; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">a)</font></td>
<td style="height: 17px; vertical-align: top; padding: 0px; width: 95%;" valign="top"><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: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">R$ 44,669,175.26 (forty-four million, six hundred sixty-nine thousand, one hundred seventy-five Reais and twenty-six cents of Real) will be allocated to the legal reserve;</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><font style="font-size: 10pt;">b)</font></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><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: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">R$ 368,966,038.86 (three hundred sixty-eight million, nine hundred sixty-six thousand, thirty-eight Reais and eighty-six cents of Real) will be allocated to the statutory reserve for investments; and</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><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: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">c)</font></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><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: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">R$ 479,748,291.00 (four hundred seventy-nine million, seven hundred forty-eight thousand, two hundred ninety-one Reais) will be allocated to the payment of dividends to holders of common shares, equivalents to R$ 0.44 (forty-four cents of Real) per share, which shall be paid to the shareholders as of March 12, 2021, without remuneration or monetary adjustment.</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><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: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The record dates for receiving the dividend approved herein will be March 4, 2021 in Brazil and March 8, 2021 in the United States of America. The Company&#8217;s shares will be traded &#8220;ex-dividends&#8221; on B3 S.A. &#8211; Brasil, Bolsa e Balc&#227;o and on the New York Stock Exchange from and including March 5, 2021 onwards.</font></td>
</tr>
<tr style="height: 10px;">
<td style="vertical-align: top; padding: 0px; height: 10px;" valign="top"><br></td>
<td style="vertical-align: top; padding: 0px; height: 10px;" valign="top"><br></td>
<td style="vertical-align: top; padding: 0px; height: 10px;" valign="top"><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><font style="font-size: 10pt;">3.</font></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" colspan="2" valign="top"><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: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The members of the Board of Directors of the Company confirmed the issuance of 70,939 (seventy thousand, nine hundred thirty-nine) common shares within the limits of the authorized capital stock pursuant to Article 6 of the Company&#8217;s Bylaws, due to partial exercise of the subscription warrants issued by the Company as of the approval of the merger of shares issued by Imifarma Produtos Farmac&#234;uticos e Cosm&#233;ticos S.A. by the Company, approved on the Extraordinary Shareholders&#8217; Meeting held in January 31, 2014. The management of the Company shall provide the necessary subscription bulletins for signing and formalization of the new shares&#8217; subscription by the referred subscription warrants holders. The common shares will have the same rights assigned to the other shares previously issued by the Company.</font><br></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-left: 35.4pt; margin-bottom: 0pt; font-size: 10pt;"><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">1</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 7pt; line-height: 14px; text-align: center;"><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-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">(Minutes of the&nbsp;Meeting of the&nbsp;Board of Directors&nbsp;of&nbsp;Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A.,</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 7pt; line-height: 14px; text-align: center;"><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-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">held&nbsp;on&nbsp;February&nbsp;24,&nbsp;2021)</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; text-align: justify; font-size: 8pt; line-height: 16px;"><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-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;</font></p>
<table style="height: 612px; width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px; width: 3%;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px; width: 97%;" colspan="2" valign="top"><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: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The Company&#8217;s capital stock will therefore be represented by 1,115,076,651 (one billion, one hundred and fifteen million, seventy-six thousand, six hundred fifty-one) common shares, all of them nominative with no par value. The adaptation of Article 5 of the Company&#8217;s Bylaws to reflect the new number of shares in which the capital stock of the Company is divided shall be subject to a resolution of the Extraordinary General Shareholders&#8217; Meeting, to be called in due course.</font><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><font style="font-size: 10pt;">4.</font></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" colspan="2" valign="top"><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: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The members of the Board of Directors were updated on the proposals that will be submitted for shareholders&#8217; approval upon the calling of the Annual General and Extraordinary Shareholders&#8217; Meeting and manifested positively to these proposals.</font><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><font style="font-size: 10pt;">5.</font></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" colspan="2" valign="top"><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: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Pursuant to Article 28, item &#8220;i&#8221; of the Company&#8217;s Bylaws, the members of the Board of Directors discussed and defined the composition of the slate of candidates, to be proposed by this Board, for election of the members of the Board of Directors to be held at the next Annual General Shareholders&#8217; Meeting of the Company.</font><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
</tr>
<tr style="height: 51px;">
<td style="height: 51px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 51px; vertical-align: top; padding: 0px;" colspan="2" valign="top"><font style="font-size: 10pt;">The Board of Directors, after analysis and confirmation of the adherence by each candidate to the position of member of the Board of Directors to the Corporate Nomination Policy for members of the Board of Directors; and the reasons, in light of the provisions of the Novo Mercado Regulation and declaration of independence presented by each candidate, whereby the qualification of each candidate as independent director is verified, proposes the following slate:</font><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top">
<p><font style="font-weight: bold; font-style: italic; font-size: 10pt;">Independent candidates: </font></p>
<p><font style="font-size: 10pt;">Ana Paula Vitali Janes Vescovi<font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">&nbsp;</font> </font></p>
<p><font style="font-size: 10pt;">Fl&#225;via Buarque de Almeida </font></p>
<p><font style="font-size: 10pt;">Jorge Marques de Toledo Camargo </font></p>
<p><font style="font-size: 10pt;">Jos&#233; Gall&#243; </font></p>
<p><font style="font-size: 10pt;">Jos&#233; Luiz Alqu&#233;res </font></p>
<p><font style="font-size: 10pt;">Jos&#233; Mauricio Pereira Coelho </font></p>
<p><font style="font-weight: bold; font-style: italic; font-size: 10pt;">Non-independent candidates: </font></p>
<p><font style="font-size: 10pt;">Alexandre Teixeira de Assump&#231;&#227;o Saigh </font></p>
<p><font style="font-size: 10pt;">Lucio de Castro Andrade Filho </font></p>
<p><font style="font-size: 10pt;">Marcos Marinho Lutz </font></p>
<p><font style="font-size: 10pt;">Ot&#225;vio Lopes Castello Branco Neto </font></p>
<p><font style="font-size: 10pt;">Pedro Wongtschowski</font></p>
</td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><font style="font-size: 10pt;">6.</font></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><font style="font-size: 10pt;">Considering the provisions of Article 20, paragraph 2, of the Company&#8217;s Bylaws, the Board of Directors authorizes the disclosure of the appointed slate and of the qualification and experience of the candidates, as well as all the documents required by the applicable legislation and by the Company&#8217;s Bylaws, along with the other materials concerning to the Annual General and Extraordinary Shareholders&#8217; Meeting.</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><font style="font-size: 10pt;">7.</font></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><font style="font-size: 10pt;">The members of the Board of Directors approved the calling of the Annual General and Extraordinary Shareholders&#8217; Meeting, that shall be held on April 14, 2021.</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><font style="font-size: 10pt;">8.</font></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><font style="font-size: 10pt;">The members of the Board of Directors approved the changes on the Conflict of Interests and Related-Party Transactions Corporate Policy, as proposed by the Executive Officers Board.</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><font style="font-size: 10pt;">9.</font></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><font style="font-size: 10pt;">The members of the Board of Directors were updated on the annual report of the Audit and Risks Committee, as well as its recommendations to the Board of Directors.</font></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><font style="font-size: 10pt;">10.</font></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><br></td>
<td style="height: 17px; vertical-align: top; padding: 0px;" valign="top"><font style="font-size: 10pt;">The Directors approved the Conduct Committee Internal Bylaws, according to the text proposed by said body.</font></td>
</tr>

</table>
<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">2</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 7pt; line-height: 14px; text-align: center;"><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-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">(Minutes of the&nbsp;Meeting of the&nbsp;Board of Directors&nbsp;of&nbsp;Ultrapar&nbsp;Participa&#231;&#245;es&nbsp;S.A.,</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; font-size: 7pt; line-height: 14px; text-align: center;"><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-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">held&nbsp;on&nbsp;February&nbsp;24,&nbsp;2021)</font></p>
<p style="margin: 0pt; color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; text-align: justify; font-size: 8pt; line-height: 16px;"><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-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; line-height: 18pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; text-align: justify; line-height: 150%; text-indent: 0px;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Observation</font><font style="letter-spacing: 0.8pt;">: </font><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">The resolutions were approved, with no amendments or qualifications, by all the Board Members.</font></font></p>
<p style="margin: 0px; text-align: justify; line-height: 18pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; text-align: justify; line-height: 150%; text-indent: 0px;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><br></font></font></p>
<p style="margin: 0px; text-align: justify; line-height: 18pt; text-indent: 0px;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">As there were no further matters to be discussed, the meeting was closed, the minutes of this meeting were written, read and approved by all the undersigned members present.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'times new roman', times; letter-spacing: 0.8pt; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Pedro Wongtschowski&#8211;</font><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"> </font><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Chairman</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><br></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><font style="font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Lucio de Castro Andrade Filho&#8211; </font><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Vice-</font><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Chairman</font></font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Alexandre Gon&#231;alves Silva</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Alexandre Teixeira de Assump&#231;&#227;o Saigh</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Ana Paula Janes Vescovi</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Fl&#225;via Buarque de Almeida</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Joaquim Pedro de Mello</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Jorge Marques de Toledo Camargo</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Jos&#233; Gall&#243;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Jos&#233; Maur&#237;cio Pereira Coelho</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Nildemar Secches</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Andr&#233; Brickmann Areno - </font><font style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Secretary</font></p>
<p style="margin: 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><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: bold; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><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">3</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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>
</div><div style="font-family: 'times new roman', times; font-size: 10pt; width: 70%; margin-left: 15%; margin-right: 15%;">
<div>
<div style="font-family: 'times new roman', times; font-size: 10pt;"><br></div>
<div style="font-family: 'times new roman', times; font-size: 10pt;">
<p align="center" style="text-align: center; line-height: 150%; margin: 0px; font-size: 11pt; font-family: 'times new roman', times; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: 150%;"><font style="font-family: 'times new roman', times; font-size: 10pt;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></font></b></font></p>
<h2 style="text-align: center; margin: 0px; text-indent: 0px;"><font lang="PT-BR" style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-family: 'times new roman', times;">Publicly Traded Company</font></font></h2>
<p align="center" style="text-align: center; line-height: 150%; margin: 0px; font-size: 11pt; font-family: 'times new roman', times; text-indent: 0px;"><font lang="PT-BR" style="font-size: 10pt; line-height: 150%; font-family: 'times new roman', times;">&nbsp;</font></p>
<p align="center" style="text-align: center; line-height: 150%; margin: 0px; font-size: 11pt; font-family: 'times new roman', times; text-indent: 0px;"><font style="font-size: 10pt; line-height: 150%; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times;">CNPJ n&#186; 33.256.439/0001- 39<font style="mso-tab-count: 1;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="mso-tab-count: 1;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="mso-spacerun: yes;">&nbsp;&nbsp;&nbsp;&nbsp; </font>NIRE 35.300.109.724</font></font></p>
<p align="center" style="text-align: center; line-height: 150%; margin: 0px; font-size: 11pt; font-family: 'times new roman', times; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font style="line-height: 150%;">&nbsp;</font></b></font></p>
<p align="center" style="text-align: center; line-height: 150%; margin: 0px; font-size: 11pt; font-family: 'times new roman', times; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font style="line-height: 150%;"><font style="font-family: 'times new roman', times;">MINUTES OF THE FISCAL COUNCIL&#8217;S MEETING (03/2021)</font></font></b></font></p>
<p style="text-align: justify; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font style="line-height: 150%;">&nbsp;</font></b></font></p>
<p style="text-align: justify; line-height: 150%; margin: 0px; font-size: 11pt; font-family: 'times new roman', times; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font style="line-height: 150%;">&nbsp;</font></b></font></p>
<p style="text-align: justify; line-height: 150%; margin: 0px; font-size: 11pt; font-family: 'times new roman', times; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font style="line-height: 150%;">Date, Time and Location:</font></b></font></p>
<p style="margin: 0in 0in 0.0001pt; text-align: justify; line-height: 150%; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-size: 10pt; line-height: 150%; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;">February 24, 2021, at 10:30 a.m., at the Company&#8217;s headquarters, located at Av. Brigadeiro Luis Ant&#244;nio, nr 1343, 9<sup>th</sup> floor, in the City and State of S&#227;o Paulo, also contemplating participation through Microsoft Teams.</font></font></p>
<p style="text-align: justify; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font style="line-height: 150%;">&nbsp;</font></b></font></p>
<p style="text-align: justify; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font style="line-height: 150%;">Attendance:</font></b></font></p>
<p style="margin: 0in 0in 0.0001pt; text-align: justify; line-height: 150%; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-size: 10pt; line-height: 150%; font-family: 'times new roman', times;">Members of the Fiscal Council undersigned.</font></p>
<p style="margin: 0in 0in 0.0001pt; text-align: justify; line-height: 150%; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font style="line-height: 150%;">&nbsp;</font></b></font></p>
<p style="margin: 0in 0in 0.0001pt; text-align: justify; line-height: 150%; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font style="line-height: 150%;">Discussed and approved matters</font></b><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: 150%;">:</font></b></font></p>
<p style="margin: 0in 0in 0.0001pt; text-align: justify; line-height: 150%; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: 150%;"><br></font></b></font></p>
<table style="width: 100%; margin: 0px; height: 51px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px;">

<tr style="height: 17px;">
<td style="height: 17px; width: 1.64759%;"><br></td>
<td style="height: 17px; width: 3.03761%; vertical-align: top;" valign="top"><font style="font-size: 10pt;"><font style="text-align: justify; text-indent: -47px;">1.</font><font style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; line-height: normal; text-align: justify; text-indent: -47px;">&nbsp;</font></font><br></td>
<td style="height: 17px; width: 95.3148%; text-align: justify; vertical-align: top;" valign="top"><font style="font-size: 10pt; text-align: justify; text-indent: -47px;">The members of the Fiscal Council unanimously expressed a favorable opinion about the Company&#8217;s financial statements and management report for the year 2020, as well as the proposal for the destination of net earnings of the year and distribution of dividends to shareholders, after the approval by the Board of Directors of the Company.</font><br></td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; width: 1.64759%;"><br></td>
<td style="height: 17px; width: 3.03761%; vertical-align: top;" valign="top"><br></td>
<td style="height: 17px; width: 95.3148%; vertical-align: top; margin: 0px; text-indent: 0px;" valign="top">&nbsp;</td>
</tr>
<tr style="height: 17px;">
<td style="height: 17px; width: 1.64759%;"><br></td>
<td style="height: 17px; width: 3.03761%; vertical-align: top;" valign="top"><font style="font-size: 10pt;"><font style="text-align: justify; text-indent: -47px;">2.</font><font style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; line-height: normal; text-align: justify; text-indent: -47px;">&nbsp;</font></font><br></td>
<td style="height: 17px; width: 95.3148%; text-align: justify; vertical-align: top;" valign="top"><font style="font-size: 10pt; text-align: justify; text-indent: -47px;">Pursuant to legal requirements and to the Internal Bylaws of The Fiscal Council, and based on the opinion, with no reservations or amendments, of the independent auditors, dated February 24, 2021, the Fiscal Council issued its report, as attached (Annex A).</font><br></td>
</tr>

</table>
<p style="line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><br></p>
</div>
</div>
</div>
<div style="font-family: 'times new roman', times; font-size: 10pt;">
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno">1</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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="margin: 0 auto;">
<p align="center" style="text-align: center; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Tahoma, sans-serif; letter-spacing: 0.8pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
<div style="width: 8.5in; margin: 0 auto;">
<p align="center" style="line-height: 120%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;">(Minutes of the Fiscal Council&#8217;s meeting of Ultrapar Participa&#231;&#245;es S.A. held on February 24, 2021)</font><b style="mso-bidi-font-weight: normal;"><font style="font-family: 'Times New Roman','serif'; mso-ansi-language: EN-US;"></font></b></p>
<p style="line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><br></p>
<p style="line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><br></p>
<p style="line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><br></p>
<p style="text-align: justify; line-height: 120%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-size: 10pt; line-height: 150%; font-family: 'times new roman', times;">As there were no further matters to be discussed, the meeting was closed and the minutes of this meeting were read, approved and signed by all the members present.<font style="mso-spacerun: yes;">&nbsp; </font></font></p>
<p style="text-align: justify; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-size: 10pt; line-height: 150%; font-family: 'times new roman', times;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" style="height: 89px; width: 80%; border-collapse: collapse; margin-left: auto; margin-right: auto; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 23px;">
<td valign="top" style="width: 270.625px; padding: 0in 5.4pt; height: 23px;">
<p align="center" style="text-align: center; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="PT-BR" style="line-height: 150%;">Geraldo Toffanello</font></b></font></p>
</td>
<td valign="top" style="width: 273.625px; padding: 0in 5.4pt; height: 23px;">
<p align="center" style="text-align: center; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="PT-BR" style="line-height: 150%;">Marcelo Amaral Moraes</font></b></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td colspan="2" valign="top" style="width: 559.625px; padding: 0in 5.4pt; height: 10px;">
<p align="center" style="text-align: center; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="ES" style="line-height: 150%;">&nbsp;</font></b></font><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="ES" style="line-height: 150%;">&nbsp;</font></b></font></p>
<p align="center" style="text-align: center; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="PT-BR" style="line-height: 150%;">William Bezerra Cavalcanti Filho</font></b><font lang="ES" style="line-height: 150%;"></font></font></p>
</td>
</tr>
<tr style="height: 23px;">
<td valign="top" style="width: 270.625px; padding: 0in 5.4pt; height: 23px;">
<p align="center" style="text-align: center; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="PT-BR" style="line-height: 150%;">&nbsp;</font></b></font></p>
</td>
<td valign="top" style="width: 273.625px; padding: 0in 5.4pt; height: 23px;">
<p align="center" style="text-align: center; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="PT-BR" style="line-height: 150%;">&nbsp;</font></b></font></p>
</td>
</tr>
<tr style="height: 10px;">
<td valign="top" style="width: 270.625px; padding: 0in 5.4pt; height: 10px;">
<p align="center" style="text-align: center; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="PT-BR" style="line-height: 150%;">&nbsp;</font></b></font></p>
</td>
<td valign="top" style="width: 273.625px; padding: 0in 5.4pt; height: 10px;">
<p align="center" style="text-align: center; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="PT-BR" style="line-height: 150%;">&nbsp;</font></b></font></p>
</td>
</tr>
<tr style="height: 23px;">
<td colspan="2" valign="top" style="width: 559.625px; padding: 0in 5.4pt; height: 23px;">
<p align="center" style="text-align: center; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="PT-BR" style="line-height: 150%;">&nbsp;</font></b></font></p>
</td>
</tr>

</table>
<br>
<p align="center" style="text-align: center; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><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; font-family: 'times new roman', times;" class="pageno">2</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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-family: 'times new roman', times; font-size: 10pt;"><a href="#TOC">Table of Contents</a></font></div>
</div>
<p align="center" style="text-align: center; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Tahoma, sans-serif; letter-spacing: 0.8pt;"><font style="font-size: 10pt; font-family: 'times new roman', times;"><br></font></p>
<div style="margin: 0 auto;">
<div style="width: 8.5in; margin: 0 auto;">
<p align="center" style="line-height: 120%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times; text-align: center;"><font style="font-size: 10pt; font-family: 'times new roman', times;">(Minutes of the Fiscal Council&#8217;s meeting of Ultrapar Participa&#231;&#245;es S.A. held on February 24, 2021)</font><b style="mso-bidi-font-weight: normal;"><font style="font-family: 'Times New Roman','serif'; mso-ansi-language: EN-US;"></font></b></p>
<p align="center" style="text-align: center; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="PT-BR" style="line-height: 150%;"><br></font></b></font></p>
<p align="center" style="text-align: center; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font lang="PT-BR" style="line-height: 150%;"><br>ANNEX A</font></b><b style="mso-bidi-font-weight: normal;"><font lang="PT-BR" style="line-height: 150%;"></font></b></font></p>
<p align="center" style="text-align: center; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><b><font style="line-height: 150%;">REPORT OF THE FISCAL COUNCIL</font></b></font></p>
<p style="line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: OLE_LINK4;"><font lang="PT-BR" style="line-height: 150%;">&nbsp;</font></font></font></p>
<p style="line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: OLE_LINK4;"><font lang="PT-BR" style="line-height: 150%; letter-spacing: 0pt;">&nbsp;</font></font></font></p>
<p style="text-align: justify; line-height: 120%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: OLE_LINK4;"><font style="line-height: 150%;">The Fiscal Council of Ultrapar Participa&#231;&#245;es S.A., pursuant to legal and statutory provisions, analyzed the Management Report and the Financial Statements (parent company and consolidated) prepared&nbsp;in accordance with Brazilian accounting practices and International&nbsp;Financial Reporting Standards (IFRS), issued by the International Accounting Standards Board (IASB) for the year ended December 31, 2020, duly approved by the Board of Directors of the Company on February 24, 2021.</font></font></font></p>
<p style="text-align: justify; line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: OLE_LINK4;"><font style="line-height: 150%;">&nbsp;</font></font></font></p>
<p style="text-align: justify; line-height: 120%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="mso-bookmark: OLE_LINK3;"><font style="mso-bookmark: OLE_LINK4;"><font style="line-height: 150%;">Based on the assessment made and considering the report with an unqualified opinion by the independent auditors, KPMG Independent Auditors, dated February 24, 2021<font style="color: #000000;">, as well as the information and clarifications received during the year, </font>the Fiscal Council attests that the mentioned documents, as well as the proposal for destination of net earnings for the period, including dividend distribution, are ready to be presented in the Annual General Shareholders&#8217; Meeting, to be realized at an opportune moment, within the legal timeframe.</font></font></font><font style="mso-bookmark: OLE_LINK3;"><font style="mso-bookmark: OLE_LINK4;"><font style="line-height: 150%;"></font></font></font></font></p>
<p style="line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-size: 10pt; line-height: 150%; font-family: 'times new roman', times;">&nbsp;</font></p>
</div>
<p style="line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><font style="font-size: 10pt; line-height: 150%; font-family: 'times new roman', times;">&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">3</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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="line-height: 150%; margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: 'times new roman', times;"><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-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: 150%; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><img src="imgld4b1pn4op404331380.jpg" style="-aw-left-pos: 0pt; -aw-rel-hpos: column; -aw-rel-vpos: paragraph; -aw-top-pos: 0pt; -aw-wrap-type: inline;" alt="Image1"></font></p>
<p style="margin: 0px; text-align: center; line-height: 21px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font>ULTRAPAR PARTICIPA&#199;</font><font>&#213;</font><font>ES S.A.</font></font><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;</font></p>
<p style="margin: 0px; text-align: center; line-height: 21px; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><br></font></p>
<p style="margin: 0px; text-align: center; font-size: 11pt; text-indent: 0px; line-height: 21px;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">NOTICE TO SHAREHOLDERS</font></p>
<p style="margin: 0px; text-align: center; font-size: 11pt; text-indent: 0px; line-height: 21px;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">&nbsp;</font></p>
<p style="margin: 0px; text-align: center; font-size: 10.5pt; text-indent: 0px; line-height: 21px;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Distribution of dividends</font></p>
<p style="margin: 0px; text-align: center; font-size: 10.5pt; text-indent: 0px; line-height: 21px;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt; color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10.5pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-weight: bold; letter-spacing: 0.8pt; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">Ultrapar Participa&#231;&#245;es S.A. informs that the Board of Directors, at the meeting held today, approved the distribution of dividends, payable from the net earnings account for the fiscal year of 2020, in the amount of R$ 479,748,291.00, equivalent to R$ 0.44 per common share, to be paid from March 12, 2021 onwards, without remuneration or monetary adjustment.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10.5pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-weight: bold; letter-spacing: 0.8pt; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;"><br></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10.5pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-weight: bold; letter-spacing: 0.8pt; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">The record date that establishes the right to receive the dividend will be March 4, 2021 in Brazil, and March 8, 2021 in the United States. Therefore, from March 5, 2021 onwards, the shares will be traded "ex-dividend" on both the S&#227;o Paulo Stock Exchange (B3 S.A. &#8211; Brasil, Bolsa, Balc&#227;o) and the New York Stock Exchange (NYSE).<br></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10.5pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-weight: bold; letter-spacing: 0.8pt; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;"><br></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10.5pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-weight: bold; letter-spacing: 0.8pt; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">The number of shares considered to calculate the dividend per share considers the issuance of 70,939 common shares, that was approved by the Board of Directors on this date.<br></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10.5pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-weight: bold; letter-spacing: 0.8pt; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;"><br></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10.5pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-weight: bold; letter-spacing: 0.8pt; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;"><br></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10.5pt; text-align: justify;"><font style="font-family: 'times new roman', times; font-weight: bold; letter-spacing: 0.8pt; font-size: 10pt;"><font style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;"><br></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'times new roman', times; letter-spacing: 0.8pt; font-size: 10pt;">&nbsp;</font></p>
<p style="margin: 0px; text-align: center; line-height: 21px; font-size: 10pt; text-indent: 0px;"><font style="font-family: 'times new roman', times; font-size: 10pt; 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; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><font>S&#227;o Paulo, </font><font>February</font><font> </font><font>24</font><font>, 202</font><font>1</font><font>.</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'times new roman', times; letter-spacing: 0.8pt; font-size: 10pt;">&nbsp;</font></p>
<p style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: center; line-height: 21px; font-size: 10.5pt;"><font style="font-family: 'times new roman', times; font-weight: bold; font-size: 10pt;">Rodrigo de Almeida Pizzinatto</font></p>
<p style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: center; line-height: 21px; font-size: 10.5pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;">Chief Financial and Investor Relations Director</font><br><font style="font-family: 'times new roman', times; font-size: 10pt;">Ultrapar Participa&#231;&#245;es S.<font style="font-style: italic;">A.</font></font></p>
</div>
<p style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: center; line-height: 21px; font-size: 10.5pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic;"><br></font></font></p>
<p style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: center; line-height: 21px; font-size: 10.5pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><font style="font-style: italic;"></font></font><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">1</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 8pt;"><img src="imgwvsc1lcpdwx04331380.jpg" style="-aw-left-pos: 0pt; -aw-rel-hpos: column; -aw-rel-vpos: paragraph; -aw-top-pos: 0pt; -aw-wrap-type: inline;" alt="Image1"></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; font-size: 8pt;"><font style="font-family: 'Open Sans'; letter-spacing: 0.8pt; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10.5pt; background-color: #ffffff;"><font style="font-family: 'times new roman', times; font-weight: bold;">ULTRAPAR PARTICIPA&#199;&#213;ES S.A.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10.5pt; background-color: #ffffff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10.5pt; background-color: #ffffff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10.5pt; background-color: #ffffff;"><font style="font-family: 'times new roman', times; font-weight: bold;">MATERIAL NOTICE</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10.5pt; background-color: #ffffff;"><font style="font-family: 'times new roman', times; font-weight: bold;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; font-size: 10.5pt; background-color: #ffffff;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;">Financial guidance for</font><font style="font-weight: bold;"> 2021</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 115%; font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 115%; font-size: 10pt;"><font style="font-family: 'times new roman', times;">S&#227;o Paulo,&nbsp;February 24, 2021&nbsp;&#8211; Ultrapar Participa&#231;&#245;es S.A.&nbsp;(B3: UGPA3 / NYSE: UGP, &#8220;Company&#8221;), in compliance with Instructions 358/02 and 480/09 issued by the Brazilian Securities and Exchange Commission (CVM), as amended, hereby discloses the EBITDA guidance for 2021:</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; line-height: 115%; font-size: 11pt;"><font style="font-family: 'Century Gothic'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: center; line-height: 115%; font-size: 11pt;"><img src="imgfvtutevwtdn04331380.jpg" alt="Graphics"></p>
<p style="margin-top: 0pt; margin-left: 70.8pt; margin-bottom: 0pt; line-height: 115%; font-size: 9pt;"><font style="font-family: 'times new roman', times;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; line-height: 115%; font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 12pt; text-align: justify; line-height: 115%; font-size: 10pt;"><font style="font-family: 'times new roman', times;">The main assumptions adopted to formulate the guidance for 2021 are presented below and were defined during the budgeting process of the Company, which was concluded at the end of 2020. The primary sources of information were reports of specialized consultant firms and the Focus report published by the Central Bank of Brazil.</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-top: 12pt; margin-left: 27.45pt; text-align: justify; line-height: 115%; padding-left: 8.25pt; font-family: serif; font-size: 10pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times;">Exchange rate of R$ 5.30/USD</font></li>
<li style="margin-left: 27.6pt; text-align: justify; line-height: 115%; padding-left: 8.4pt; font-family: serif; font-size: 10pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times;">Brazilian GDP growth of 2.2% </font></li>
<li style="margin-left: 28.06pt; text-align: justify; line-height: 115%; padding-left: 7.94pt; font-family: serif; font-size: 11pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">Annual inflation of 3.0%</font><font style="font-size: 10pt;"> (</font><font style="font-size: 10pt;">IPCA)</font></font></li>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 115%; font-size: 7pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 115%; font-size: 10pt;"><font style="font-family: 'times new roman', times;">In addition, the Company will not use the zero cost collar structure for Oxiteno in 2021.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 115%; font-size: 10pt;"><font style="font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 115%; font-size: 10pt;"><font style="font-family: 'times new roman', times;">The projections are based in information currently available, estimates and assumptions of the Company&#8217;s executive board, and do not include the effects of potential acquisitions or divestments. Such estimates are not guarantee of performance and involve risks and uncertainties, since they refer to future events and depend on circumstances which may or may not occur. General economic conditions and market conditions, among other factors, may lead to results which differ materially from the numbers disclosed.</font></p>
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; line-height: 115%; font-size: 10pt; background-color: #ffffff;"><font style="font-family: 'times new roman', times;">&nbsp;</font></p>
<p style="margin-top: 6pt; margin-bottom: 0pt; text-align: center; line-height: 115%; font-size: 10pt; background-color: #ffffff;"><font style="font-family: 'times new roman', times;"><font style="font-weight: bold;">Rodrigo de Almeida </font><font style="font-weight: bold;">Pizzinatto</font></font><br><font style="font-family: 'times new roman', times;">Chief Financial and Investor Relations Officer</font><br><font style="font-family: 'times new roman', times;">Ultrapar Participa&#231;&#245;es S.A.</font></p>
<p style="margin-top: 6pt; margin-bottom: 0pt; text-align: center; line-height: 115%; font-size: 10pt; background-color: #ffffff;"><br></p>
</div>
<div>
<table style="width: 100%; height: 15px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 15px;">
<td class="pgno" style="padding: 0px; text-align: center; height: 15px;">1</td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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"><font style="font-family: 'times new roman', times;">Table of Contents</font></a></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt; text-align: center;"><img src="imgi20svooybte04331391.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"><font style="color: #ffffff;">Conflict</font><br>
<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">1</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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;">
<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; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><br></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="img4iraa4zdles04331391.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; font-size: 10pt; text-indent: 0px;"><font style="font-size: 10pt; font-weight: bold;"><font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-align: justify; text-indent: -95.2px;"><br></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 6pt; text-align: justify; font-size: 10pt;"><font style="font-size: 10pt; font-weight: bold;"><font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-align: justify; text-indent: -95.2px;">1.&nbsp;</font><font style="color: #000000; font-style: normal; font-variant: normal; font-stretch: normal; line-height: normal; font-family: 'Times New Roman'; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-align: justify; text-indent: -95.2px;">&nbsp; &nbsp; <font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; 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; float: none; display: inline !important;">GENERAL RULES</font></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>The activities performed by Ultra Group </font><font>and its</font><font> </font><font>several</font><font> market </font><font>players</font><font> can </font><font>be </font><font>expose</font><font>d</font><font> to situations</font><font> &#8211; </font><font>real or potential </font><font>&#8211; </font><font>of conflict of </font><font>interest,</font><font> and</font><font> may</font><font> result in the performance of Related Party transactions.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>T</font><font>his Policy establishes guidelines, rules and procedures to deal with situations of potential conflict of interest that may arise and to ensure transparency and independence in the relations between Ultra Group and its Related Parties.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>Th</font><font>e</font><font> </font><font>P</font><font>olicy applies to all Ultra Group&#8217;s</font><font> companies and any Ultra Group</font><font>&#8217;s</font><font> Partner or Employee, without prejudice to additional regulations applicable to their activities. External Representatives, Suppliers and Service Provider and Business Partners, for the duration of the relationship with Ultra Group, must </font><font>comply with</font><font> the guidelines and principles established in this Policy.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>This Policy shall be read in conjunction with the Code of Ethics and other policies and rules defined by Ultra Group. In case of conflict, the DRCA sh</font><font>all</font><font> be consulted.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>All expressions</font><font> in capital letters in this Policy that are not defined</font><font> therein shall</font><font> </font><font>be elaborated on</font><font> the Glossary found at the end of this document.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; line-height: 115%; font-size: 10pt;"><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">2</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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;">
<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; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><br></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgrp4rfkxklbo04331391.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0px; text-indent: 0px;"><font style="font-size: 10pt; font-weight: bold; font-family: 'times new roman', times;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-align: justify; text-indent: -95.2px;"><br></font></font></p>
<p style="text-align: left;"><font style="font-size: 10pt; font-weight: bold; font-family: 'times new roman', times;"><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-align: justify; text-indent: -95.2px;">2.&nbsp;</font><font style="color: #000000; font-style: normal; font-variant: normal; font-stretch: normal; line-height: normal; letter-spacing: normal; orphans: 2; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-align: justify; text-indent: -95.2px;">&nbsp; &nbsp; <font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; 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;">C</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; 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;">ONFLICT OF INTEREST</font></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 71.4pt; margin-bottom: 6pt; text-indent: -71.4pt; text-align: justify; font-size: 10pt;"><font style="font-weight: bold;"><font>2.1</font><font style="font-style: normal; font-variant: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>CONCEPTS</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>A</font><font> </font><font>conflict of interest arises when a person does not have, or appears not to have, the independence necessary to perform its duties.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>It is identified in situations that represent a confrontation between the particular interests of a Partner or Employee and the interests of Ultra Group, which may, in an effective or apparent way, affect the capacity for impartial judgment or compromise or improperly influence the performance of such person</font><font>&#8217;</font><font>s duties, to the detriment of Ultra Group</font><font>&#8217;</font><font>s interests, values, ethics or reputation. A conflict of interest may exist even if it does not cause any damage to Ultra Group</font><font>&#8217;</font><font>s tangible, intangible or financial assets and</font><font>/</font><font>or its reputation.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>The use of the position or information, confidential or not, that may influence any decision of Ultra Group and that benefit in any way its </font><font>particular interests</font><font> can also be featured as a conflict of interest.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>Employees must not act in a way that differs from Ultra Group</font><font>&#8217;</font><font>s objectives and interests, nor must they undertake conducts that may </font><font>adversely </font><font>affect the trust of stakeholders and other Employees regarding the integrity, principles and values adopted by Ultra Group.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>All Employees must be aware of the potential configuration of a conflict of interest in the conduct of their activities, and must immediately report a potential conflict, as provided in this Policy, as soon as it is identified.</font></p>
<p style="margin-top: 0pt; margin-left: 28.35pt; margin-bottom: 0pt; text-indent: -28.35pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>This Policy does not</font><font> cover</font><font> all conflict of interest situations that may exist, but highlights, by way of example, the most frequent situations of conflict of interest in the workplace and in the relationship with </font><font>C</font><font>ustomers, Suppliers and Service Providers, External Repres</font><font>entatives and Business Partners</font><font>, whether public or private entities.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><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">3</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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;">
<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; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><br></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="img513m4t4tcew04331391.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>A</font><font> conflict of interest can arise when the exercise of the duties of a Partner or Employee can be influenced in some way:</font></p>
<p style="margin-top: 0pt; margin-left: 54pt; margin-bottom: 0pt; text-indent: -36pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(i)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font>by its family, friendship or business relationship with other individuals or </font><font>entities;</font></p>
<p style="margin-top: 0pt; margin-left: 54pt; margin-bottom: 0pt; text-indent: -36pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(ii)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font>by its interests, those of its Relatives or Close Relationship Persons in relation to any individual or entity that contracts with Ultra Group or that, even without contracting, has any interest opposite to that of Ultra Group; or</font></p>
<p style="margin-top: 0pt; margin-left: 54pt; margin-bottom: 0pt; text-indent: -36pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(iii)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font><font>by any other relationship that may prevent</font><font> </font><font>it from working and fulfilling Ultra Group&#8217;s interest.</font></p>
<p style="margin-top: 0pt; margin-left: 54pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>Partners or Employees can </font><font>suggest</font><font> the contracting of Relatives, Close Relationship Persons, External Representatives, Business Partners, Suppliers and Service Providers, provided that the relationship is formally </font><font>reported</font><font> to the </font><font>direct manager </font><font>and that the contracting process is conducted in compliance with the conditions established by this Policy and the Code of Ethics, with transparency and within market standards, without any personal </font><font>advantage</font><font>.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>The direct subordination of Relatives to the respective Employee is prohibited.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>Employees</font><font>&#8217;</font><font> equity interest in other companies is allowed, but they m</font><font>ust</font><font> not:</font></p>
<p style="margin-top: 0pt; margin-left: 54pt; margin-bottom: 0pt; text-indent: -36pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(i)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font>hold any relevant interest capable of influencing Ultra Group </font><font>decisions;</font></p>
<p style="margin-top: 0pt; margin-left: 54pt; margin-bottom: 0pt; text-indent: -36pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(ii)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font>hold any relevant interest in companies competing with Ultra </font><font>Group;</font></p>
<p style="margin-top: 0pt; margin-left: 54pt; margin-bottom: 0pt; text-indent: -36pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(iii)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font>exercise executive duty equal to or similar to that performed at Ultra </font><font>Group;</font></p>
<p style="margin-top: 0pt; margin-left: 54pt; margin-bottom: 0pt; text-indent: -36pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(iv)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font><font>use an amount of time that conflicts with its activities at Ultra Group; or</font></p>
<p style="margin-top: 0pt; margin-left: 54pt; margin-bottom: 0pt; text-indent: -36pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(v)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font>benefit the company in any way in contracting processes with Ultra Group.</font><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
</div>
<br>
<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">4</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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;">
<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; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><br></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgua35dmdvp3104331391.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0px; text-indent: 0px; text-align: justify; font-size: 10pt;"><font style="font-weight: bold;"><font><br></font></font></p>
<p style="margin-top: 0pt; margin-left: 71.4pt; margin-bottom: 6pt; text-indent: -71.4pt; text-align: justify; font-size: 10pt;"><font style="font-weight: bold;"><font>2.2</font><font style="font-style: normal; font-variant: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>CONDU</font><font>CT IN THE EVENT OF</font><font> </font><font>CONFLICT OF INTEREST</font><font style="font-size: 8pt;"><sup><font>1</font></sup></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>Whoever finds </font><font>themselves</font><font> </font><font>in a situation, real or potential, of conflict of interest shall immediately report this fact to its manager, who shall contact the Business Compliance area or the DRCA, to assist it in the definition of measures and procedures, if necessary, and guide it on which conducts should be adopted, as well as monitor compliance with such measures. Such communication shall be made, whenever possible, before the Partner or Employee becomes involved in the conduct that generates the potential conflict of interest.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>In addition to the communication provided in this item, without prejudice to measures and conducts indicated by the Business Compliance area or the DRCA, the Partner or Employee </font><font>shall </font><font>be</font><font> absent from discussions on the</font><font> matter</font><font>, as well as refrain from negotiating, evaluating, giving an opinion, voting or in any other way participat</font><font>ing</font><font> or influenc</font><font>ing</font><font> the conduct or approval of the respective matter by Ultra Group.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>For purposes of example, the following measures and conducts can be evaluated and adopted in order to resolve conflict situations:</font></p>
<p style="margin-top: 0pt; margin-left: 53.85pt; margin-bottom: 0pt; text-indent: -36pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(i)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font>withdrawal of the Partner or Employee from the discussion and decision-making authority in relation to the matter, including involving any individual or entity that contracts with Ultra </font><font>Group;</font></p>
<p style="margin-top: 0pt; margin-left: 53.85pt; margin-bottom: 0pt; text-indent: -36pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(ii)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font>transfer of supervisory or leadership duties to other Employees; or</font></p>
<p style="margin-top: 0pt; margin-left: 53.85pt; margin-bottom: 0pt; text-indent: -36pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(iii)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font>interruption</font><font> </font><font>or adjustment of activities </font><font>with</font><font> the potential to generate a conflict.</font></p>
<p style="margin-top: 0pt; margin-left: 53.85pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>If the Partner or Employee does not </font><font>express </font><font>it</font><font>&#8217;</font><font>s</font><font> conflict of interest,</font><font> anyone</font><font> may do so.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>When the conflict of interest &#8211; real or potential &#8211; occurs in a matter submitted to the resolution of Ultra Group&#8217;s Management, the conflicted person &#8211; or potentially </font><font>conflicted &#8211; or any other </font><font>attending person </font><font>who is aware of the </font><font>conflict</font><font> in question,</font><font> </font><font>shall</font><font> inform </font><font>the fact to </font><font>the </font><font>other members of the Management body</font><font>.</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 14.5135%; border-bottom: 1pt solid #000000;"><br></td>
<td style="width: 85.4865%;"><br></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><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: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-family: Calibri; font-size: 6pt; vertical-align: super;">1</font><font style="color: #000000; font-size: 12px; 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; font-family: Calibri;"><font>&nbsp;</font></font><font style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-family: 'Open Sans'; font-size: 8pt; font-style: italic;">Novo Mercado</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-family: 'Open Sans'; font-size: 8pt;"><font>&nbsp;</font>Regulation (&#8220;RNM&#8221; &#8211; art. 35: &#8220;The policy on transactions with related parties<font>&nbsp;</font></font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-family: 'Open Sans'; font-size: 8pt;">shall</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-family: 'Open Sans'; font-size: 8pt;"><font>&nbsp;</font>include, at a minimum: (...) II. - procedures to assist the identification of individual situations that may involve conflicts of interest and, consequently, prevent the voting of the Company&#8217;s shareholders or managers;</font><br></font></p>
<p style="margin: 0px; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><font>&nbsp;</font></p>
<p style="margin: 0px; text-align: justify; line-height: 150%; font-size: 10pt; 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">5</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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;">
<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; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><br></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgk3bxia0vrsz04331392.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0px; text-indent: 0px;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>Once an effective or apparent conflict of interest situation has been identified, the conflicted person will be prohibited from participating in the </font><font>resolutions </font><font>on that </font><font>matter</font><font>, and sh</font><font>all</font><font> no longer receive any information or documents on the topic, and the acts eventually practiced until then </font><font>shall be </font><font>null and void.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>All information and decisions involving the identified conflict of interest (such as, for example, justifications to support the body</font><font>&#8217;</font><font>s decision and period of withdrawal, as well as related documents) </font><font>shall be</font><font> included in the minutes, respecting possible confidentiality obligations regarding such information and documents.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>If requested b</font><font>y the chairman of the board or M</font><font>anagement body, the conflicted person may participate partially in the discussion, in order to provide </font><font>additional </font><font>information on the matter. In </font><font>this </font><font>case,</font><font> </font><font>the conflicted person </font><font>must</font><font> be absent during the </font><font>deliberation </font><font>of the matter.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; line-height: 115%; font-size: 10pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; line-height: 115%; font-size: 10pt;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; line-height: 115%; font-size: 10pt;"><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">6</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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;">
<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; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><br></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgoshsgpsjsrh04331392.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-weight: bold;"><font style="color: #000000; font-family: 'Times New Roman'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -95.2px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px;">3.&nbsp;</font><font style="color: #000000; font-style: normal; font-variant: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman'; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -95.2px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px;">&nbsp; &nbsp;<font style="font-size: 10pt;"> <font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; 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;">R</font><font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; 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;">ELATED PARTY TRANSACTIONS</font></font></font></font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 71.4pt; margin-bottom: 6pt; text-indent: -71.4pt; text-align: justify; font-size: 10pt;"><font style="font-weight: bold;"><font>3.1</font><font style="font-style: normal; font-variant: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>CONCEPTS</font></font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>In accordance with CPC Technical Pronouncement No. 05 (R1), issued by the Accounting Pronouncements Committee, Related Parties are considered</font><font> as</font><font>:</font></p>
<p style="margin-top: 0pt; margin-left: 36pt; margin-bottom: 0pt; text-indent: -18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>a)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>a</font><font> person or a close </font><font>family </font><font>member related to Ultra Group that reports the information if:</font></p>
<p style="margin-top: 0pt; margin-left: 36pt; margin-bottom: 0pt; text-indent: -0.55pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(i)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font><font>they have</font><font> full or shared control over any Ultra Group&#8217;s </font><font>company;</font></p>
<p style="margin-top: 0pt; margin-left: 36pt; margin-bottom: 0pt; text-indent: -0.55pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(ii)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font><font>they have</font><font> a Significant Influence on any Ultra Group&#8217;s company; or</font></p>
<p style="margin-top: 0pt; margin-left: 36pt; margin-bottom: 0pt; text-indent: -0.55pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(iii)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font>they are</font><font> a Key Person of Ultra Group&#8217;s Management or Controlling</font><font> Shareholder</font><font>, if any</font><font>.</font><font> </font></p>
<p style="margin-top: 0pt; margin-left: 36pt; margin-bottom: 0pt; text-indent: -18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>b)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font>an entity, even if unincorporated, when that entity:</font></p>
<p style="margin-top: 0pt; margin-left: 36pt; margin-bottom: 0pt; text-indent: -0.55pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(i)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font>controls, individually or jointly, is controlled by, or is under the common control of Ultra Group (this includes Controlling Shareholders, if any, or direct or indirect subsidiaries</font><font>);</font></p>
<p style="margin-top: 0pt; margin-left: 36pt; margin-bottom: 0pt; text-indent: -0.55pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(ii)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font>has a Significant Influence on any Ultra </font><font>Group&#8217;s company;</font></p>
<p style="margin-top: 0pt; margin-left: 36pt; margin-bottom: 0pt; text-indent: -0.55pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(iii)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font><font>is under the joint control (joint venture) of Ultra Group and a third-party </font><font>entity;</font></p>
<p style="margin-top: 0pt; margin-left: 36pt; margin-bottom: 0pt; text-indent: -0.55pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(iv)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font><font>is an affiliate of any Ultra </font><font>Group&#8217;s company;</font></p>
<p style="margin-top: 0pt; margin-left: 36pt; margin-bottom: 0pt; text-indent: -0.55pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(v)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font><font>is under joint control of Ultra Group&#8217;s Controlling Shareholders, if any, together with a third-party </font><font>entity;</font></p>
<p style="margin-top: 0pt; margin-left: 36pt; margin-bottom: 0pt; text-indent: -0.55pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(vi)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</font><font>administers a post-employment benefit plan whose beneficiaries are employed, on the one hand, by Ultra Group and, on the other hand, by the entity that is related to Ultra Group; or</font></p>
<p style="margin-top: 0pt; margin-left: 36pt; margin-bottom: 0pt; text-indent: -0.55pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(vii)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font>is controlled, fully or is under joint control, by a person indicated in (a) </font><font>above;</font></p>
<p style="margin-top: 0pt; margin-left: 36pt; margin-bottom: 0pt; text-indent: -0.55pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(viii)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; &nbsp;&nbsp;</font><font>is under the Significant Influence of a person named in (a)(</font><font>i</font><font>) </font><font>above;</font></p>
<p style="margin-top: 0pt; margin-left: 36pt; margin-bottom: 0pt; text-indent: -0.55pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(ix)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</font><font>has as Key Person (or as Key Person of its Controlling Shareholders, if any) a person identified in (a)(</font><font>i</font><font>) above.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>An entity will not automatically </font><font>be </font><font>considered a Related Party of Ultra Group because it has a Manager or Key Person of the Management in common, being necessary to analyze other aspects of the transaction.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><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">7</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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;">
<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; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><br></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="img0jsppu4koau04331392.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>Also</font><font> according to CPC Technical Pronouncement </font><font>No. 05 </font><font>(R1), Related Party transactions occur when there is a transfer of resources, services or obligations between Related Parties, regardless of whether a price is charged in return. They are transactions with individuals or legal entities whose ties can de-characterize the independence between the parties, independence that is typically found in transactions with any third party.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>In case of conflict between the definitions of Related Parties provided for in this Polic</font><font>y and those contained in CPC 05(R1), the rules of CPC 05</font><font>(R1) will prevail.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 71.4pt; margin-bottom: 6pt; text-indent: -71.4pt; text-align: justify; font-size: 10pt;"><font style="font-weight: bold;"><font>3.2</font><font style="font-style: normal; font-variant: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>G</font><font>ENERAL GUIDELINES</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>Related Party transactions </font><font>shall be</font><font> conducted in the best interest of Ultra Group, without conflict of interest and respecting the following general guidelines</font><font>[2]</font><font>:</font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-left: 27.6pt; text-align: justify; line-height: 150%; padding-left: 8.4pt; font-family: serif; font-size: 10pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font>market conditions: the transaction shall be guided by reasonable market conditions, in accordance with the criteria established in this Policy, other policies and internal rules and in the applicable </font><font>regulation;</font></li>
<li style="margin-left: 27.6pt; text-align: justify; line-height: 150%; padding-left: 8.4pt; font-family: serif; font-size: 10pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font>equal treatment: Related Parties will have the same treatment as any other market entity (arm&#8217;s length), and any discrimination, privilege, use of privileged information or preference in business opportunities for the benefit of Related Party is </font><font>prohibited;</font></li>
<li style="margin-left: 27.6pt; text-align: justify; line-height: 150%; padding-left: 8.4pt; font-family: serif; font-size: 10pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font>competitiveness: the area responsible for the transaction shall, whenever possible, seek at least one market alternative to carry out the </font><font>transaction;</font></li>
<li style="margin-left: 27.6pt; text-align: justify; line-height: 150%; padding-left: 8.4pt; font-family: serif; font-size: 10pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font>compliance: the transaction must adhere to the contractual terms and responsibilities practiced by Ultra </font><font>Group;</font></li>
<li style="margin-left: 27.6pt; text-align: justify; line-height: 150%; padding-left: 8.4pt; font-family: serif; font-size: 10pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font>justification: the transaction shall be </font><font>based on</font><font> reasonable </font><font>motives</font><font> </font><font>from an economic and strategic point of view, representing the best alternative for Ultra Group among those existing in the </font><font>market;</font></li>
<li style="margin-left: 27.6pt; text-align: justify; line-height: 150%; padding-left: 8.4pt; font-family: serif; font-size: 10pt; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font>formality: the transaction shall be carried out in writing, specifying its main characteristics and conditions and other information considered relevant.</font></li>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="width: 100.5pt; display: inline-block; -aw-tabstop-align: left; -aw-tabstop-pos: 100.5pt;">&nbsp;</font></p>
<table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 15.0041%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"><br></td>
<td style="width: 84.9959%;"><br></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 10pt; line-height: 115%; font-size: 10pt;"><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: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-family: Calibri; font-size: 6pt; vertical-align: super;">2</font><font style="color: #000000; font-size: 12px; 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; font-family: Calibri;"><font>&nbsp;</font></font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-family: 'Open Sans'; font-size: 8pt;">RNM &#8211; art. 35: &#8220;The policy on transactions with related parties shall include, at a minimum: (...) I &#8211; the criteria that must be observed for carrying out transactions with related parties.&#8221;</font><br></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; line-height: 115%; font-size: 10pt;"><br></p>
<div><br></div>
</div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt; height: 17px;">

<tr style="height: 17px;">
<td class="pgno" style="padding: 0px; text-align: center; height: 17px;"><font style="font-size: 10pt;" class="pageno">8</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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;">
<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; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><br></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="img21nndcfvruu04331392.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0px; text-indent: 0px;"><br></p>
<p style="margin-top: 0pt; margin-left: 21.3pt; margin-bottom: 0pt; text-indent: -21.3pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-weight: bold;"><font>3.3</font><font style="font-style: normal; font-variant: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>RULES AND PROCEDURES FOR APPROVING RELATED PARTY TRANSACTIONS</font></font></p>
<p style="margin: 0px; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>Transactions between companies controlled </font><font>entirely </font><font>by Ultra Group will be subject only to the </font><font>ordinary approval rules, provided that the criteria and rules established herein are met.</font><font> </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>Transactions between companies controlled </font><font>entirely </font><font>by Ultra Group, on one hand, and Related Parties, on the other hand, shall observe the following limits: </font></p>
<ul type="disc" style="margin: 0pt; padding-left: 0pt;">
<li style="margin-top: 14pt; margin-left: 27.6pt; text-align: justify; line-height: 115%; padding-left: 8.4pt; font-family: serif; font-size: 10pt; background-color: #ffffff; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font>Transactions </font><font>less than</font><font> </font><font>i</font><font>) R$ 5 million per operation/individual contracting or ii) R$ 60 million per operation/contracting with a term of up to 12 months shall be approved by the Board of Executive Officers of the relevant </font><font>subsidiary;</font></li>
<li style="margin-left: 27.6pt; text-align: justify; line-height: 150%; padding-left: 8.4pt; font-family: serif; font-size: 10pt; background-color: #ffffff; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font>Transactions that exceed </font><font>i</font><font>) R$ 5 million per operation/individual contracting or ii) R</font><font>$ 60 million per operation/contracting with a term of up to 12 months </font><font>shall</font><font> also be approved by </font><font>Ultrapar</font><font>&#8217;</font><font>s</font><font> </font><font>Board of Executive Officers</font><font>.</font></li>
<li style="margin-left: 27.6pt; margin-bottom: 14pt; text-align: justify; line-height: 150%; padding-left: 8.4pt; font-family: serif; font-size: 10pt; background-color: #ffffff; -aw-font-family: 'Symbol'; -aw-font-weight: normal; -aw-number-format: '&#61623;';"><font>T</font><font>ransactions that exceed </font><font>i</font><font>) R</font><font>$ 50 million per operation/</font><font>individual contracting or ii) R</font><font>$ 600 million per operation/contracting with a term of up to 12 months </font><font>shall</font><font> also be approved by the Board of Directors.</font></li>
</ul>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>Transactions between companies wholly </font><font>controlled</font><font> by Ultra Group, on the one hand, and companies in which Ultra Group </font><font>is a Stakeholder</font><font>,</font><font> on the other, which exceed </font><font>i</font><font>)</font><font> </font><font>R</font><font>$ 20 million per operation/</font><font>individual contracting or ii) R</font><font>$ 240 million per operation/contracting up to 12 months </font><font>shall be</font><font> approved by </font><font>Ultrapar</font><font>&#8217;</font><font>s</font><font> </font><font>Board of Executive Officers</font><font>.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>Compliance with the limits established above does not exclude compliance with the limits established in the respective Bylaws.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>Transactions between companies </font><font>controlled </font><font>entirely </font><font>by Ultra Group, on the one hand, and shareholders who have Significant Influence in the Company, on the other, </font><font>shall be</font><font> previously approved by the Board of Directors.</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&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">9</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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;">
<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; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><br></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="img1fskspgrmkj04331392.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>Transactions between companies in which Ultra Group holds interests or transactions between them and other Related Parties that do not meet the above </font><font>criteria shall be approved by the Board of Executive </font><font>Officers</font><font> of the respective Ultra Group companies, in </font><font>compliance with the</font><font> general guidelines in item 3.2 and according to the powers provided for in the respective bylaws.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>Ordinary transactions, of an operational and recurring nature, which </font><font>involve</font><font> </font><font>Ultra Group</font><font>&#8217;</font><font>s routine activities</font><font> related</font><font> to</font><font>, in particular, treasury and cash management operations and which short-term closing decisions</font><font> are required</font><font>, will be subject only to the ordinary approval rules, regardless of their</font><font> amount</font><font>, except if they exceed the limit established in the respective bylaws, and provided that the criteria and rules established in this Policy are </font><font>met</font><font>.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 71.4pt; margin-bottom: 6pt; text-indent: -71.4pt; text-align: justify; font-size: 10pt;"><font style="font-weight: bold;"><font>3.4</font><font style="font-style: normal; font-variant: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>PROHIBITED TRANSACTIONS</font><font> </font><font style="font-size: 8pt;"><sup><font>3</font></sup></font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>The following transactions between Related Parties are prohibited:</font></p>
<p style="margin-top: 0pt; margin-left: 72pt; margin-bottom: 0pt; text-indent: -18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(i)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; &nbsp;&nbsp;</font><font>those carried out under conditions other than market conditions or which may in any way harm the interests of Ultra </font><font>Group;</font></p>
<p style="margin-top: 0pt; margin-left: 72pt; margin-bottom: 0pt; text-indent: -18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(ii)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; </font><font>those that may result from the use of confidential information obtained due to the exercise of title, position or duty taken in Ultra </font><font>Group;</font></p>
<p style="margin-top: 0pt; margin-left: 72pt; margin-bottom: 0pt; text-indent: -18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(iii)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp;</font><font>any operations, including corporate restructuring, that do</font><font>es</font><font> not ensure equal treatment for all Company </font><font>Shareholders;</font></p>
<p style="margin-top: 0pt; margin-left: 72pt; margin-bottom: 0pt; text-indent: -18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(iv)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp;</font><font>loans and guarantees in favor of Controlling Shareholders, Managers or Key Persons from the management of Ultra Group and any of their Relatives, in addition to Dependents and legal entities over which the party has control; and</font></p>
<p style="margin-top: 0pt; margin-left: 72pt; margin-bottom: 0pt; text-indent: -18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>(v)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp; &nbsp; </font><font>any other transactions that conflict with the Company</font><font>&#8217;</font><font>s bylaw.</font></p>
<p style="margin-top: 0pt; margin-left: 72pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 71.4pt; margin-bottom: 6pt; text-indent: -71.4pt; text-align: justify; font-size: 10pt;"><font style="font-weight: bold;"><font>3.5</font><font style="font-style: normal; font-variant: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>REPORTING</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>Ultrapar shall disclose Related Party transactions in compliance with the applicable legislation and standards.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font><br></font></p>
<table style="width: 100%; margin-left: 0.1px; height: 20px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 20px;">
<td style="width: 15.0041%; border-bottom: 1pt solid #000000; height: 20px;"><br></td>
<td style="width: 84.9959%; height: 20px;"><br></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><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: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-family: Calibri; font-size: 6.67pt; vertical-align: super;">3</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: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-family: Calibri;">&nbsp;</font><font style="font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-family: 'Open Sans'; font-size: 8pt; color: #808080;">Circular Letter</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-family: 'Open Sans'; font-size: 8pt;"><font>&nbsp;</font></font><font style="font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-family: 'Open Sans'; font-size: 8pt; color: #808080;">CVM</font><font style="color: #000000; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-family: 'Open Sans'; font-size: 8pt;"><font>&nbsp;</font>02/2020</font></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&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">9</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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;">
<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; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><br></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="img4xilg5x5jp404331392.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>In addition, the Company also has a duty to promote the reporting of Related Party transactions when the criteria are met and the terms of the specific regulations of </font><font>the </font><font>CVM and SEC are </font><font>respected</font><font>, as well as the rules of its B3 listing segment.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 71.4pt; margin-bottom: 0pt; text-indent: -71.4pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-weight: bold;"><font>3.6</font><font style="font-style: normal; font-variant: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: 'Times New Roman';">&nbsp;&nbsp;&nbsp;&nbsp; </font><font>CONTROLS</font></font></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0pt;"><font>Annually, the Controlling Shareholders (if any), Managers and Key Persons of Ultra Group&#8217;s Management shall inform </font><font>the </font><font>DRCA of the list of persons and entities that make up Related Parties under this Policy, without prejudice to other situations that may, according to the specific case, be brought to the attention of </font><font>the </font><font>DRCA. Such persons shall immediately notify </font><font>the </font><font>DRCA whenever there is any change in the information previously presented, so that the database related to Related Parties is kept constantly updated, for the purposes of controlling and applying this Policy.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>Related Party transactions </font><font>shall be</font><font> reported, at least </font><font>once a year</font><font>, to the Audit and Risk Committee, containing the main information related to each transaction and its appropriate reporting by the Company. In addition, the Audit and Risk Committee sh</font><font>all </font><font>assess, monitor and recommend to the Board of Directors the correction or improvement of this Policy.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-size: 10pt; font-weight: bold;"><font style="color: #000000; font-family: 'times new roman', times; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; 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; float: none; display: inline !important;">4.&nbsp;&nbsp; <font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; 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;">S</font><font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; 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;">ANCTIONS</font></font></font><br></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0pt;"><font>Any </font><font>breach or</font><font> violation of this Policy will be investigated in compliance with the applicable laws, the Code of Ethics and Ultra Group</font><font>&#8217;</font><font>s interests, so that the appropriate measures are taken, and the </font><font>offender</font><font> may also </font><font>incur</font><font> legal penalties, without prejudice to the other corporate disciplinary measures. The DRCA and, if applicable, the Conduct Committee, when analyzing the non-compliance with the terms of this Policy, will consider its </font><font>relevance </font><font>in the context of Ultra Group</font><font>&#8217;s activities</font><font> and the possible recurrence of the </font><font>offender</font><font>.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-size: 10pt; font-weight: bold;"><font style="color: #000000; font-style: normal; font-variant: normal; font-stretch: normal; line-height: normal; font-family: 'times new roman', times; 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;">5.&nbsp;&nbsp; <font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; 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;">ULTRA</font><font style="color: #000000; font-family: 'Times New Roman'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; 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;">&nbsp;OPEN CHANNEL</font></font></font><br></p>
<p style="margin: 2pt 0pt 0pt; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0pt;"><font>Ultra Group</font><font> provides the Open Channel so that anyone can report the existence of conflict of interest, clarify </font><font>questions </font><font>or report suspected violations of this </font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><br></p>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt; height: 17px;">

<tr style="height: 17px;">
<td class="pgno" style="padding: 0px; text-align: center; height: 17px;"><font style="font-size: 10pt;" class="pageno">10</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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;">
<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; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><br></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgwfxkylfgajo04331392.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>Policy, as well as the Code of Ethics, other policies and internal rules, and </font><font>the </font><font>applicable legislation.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 85.05pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>Phone: (0800) 701-7172</font></p>
<p style="margin-top: 0pt; margin-left: 85.05pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 12pt;"><font style="font-size: 10pt;"><font>Website</font><font>: </font><font>www.canalabertoultra.com.br</font></font></p>
<p style="margin-top: 0pt; margin-left: 85.05pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>Complaints or requests for guidance can be made anonymously, in order to protect the identity of the person who submitted them. It is prohibited to perform any act of threat, intimidation or retaliation against any person who: (</font><font>i</font><font>) reports violations of this Policy or any other policy or internal rule, or the legislation applicable to Ultra Group, or (ii) express</font><font>es </font><font>one&#8217;s</font><font> </font><font>questions</font><font>, suspicions or concerns regarding this matter.</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
</div>
<p style="margin-top: 0pt; margin-bottom: 10pt; line-height: 115%; font-size: 10pt;"><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">11</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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;">
<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; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><br></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgdb4wz531l1504331392.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0px; line-height: 115%; font-size: 10pt; text-indent: 0px;"><br></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt; font-weight: bold;"><font style="font-style: normal; font-variant: normal; font-stretch: normal; line-height: normal;">6.&nbsp;&nbsp;&nbsp;&nbsp;</font>GLOSSARY</font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'times new roman', times; font-size: 10pt;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; text-indent: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&#8220;Board of Directors&#8221;: The Board of Directors of Ultrapar.</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&#8220;Business&#8221;: corporations directly or indirectly controlled, in Brazil and abroad, by Ultra Group.</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&#8220;Business Partner(s)&#8221;: distributors, resellers and sales representatives.</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&#8220;Close Relationship Persons&#8221;: those family members (except Relatives) or friends who can reasonably influence or be influenced by the Partner or Employee.</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&#8220;</font><font>Code of Ethics</font><font>&#8221;</font><font>: </font><font>Code of Ethics</font><font> </font><font>of</font><font> </font><font>Ultra Group</font><font>.</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&#8220;Company&#8221; or &#8220;Ultrapar&#8221;: Ultrapar Participa&#231;&#245;es S.A.;</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&#8220;Controlling Shareholders&#8221;: Shareholder or group of Shareholders holding and exercising control of the Company, directly or indirectly, as defined in the Brazilian Corporate </font><font>Law;</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&#8220;Dependents&#8221;: any dependents included in the Partner&#8217;s or Employee&#8217;s annual income tax return.</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&#8220;DRCA&#8221;: </font><font>Ultrapar&#8217;s</font><font> Risk, Compliance and Audit </font><font>Committee</font><font>, responsible for managing Ultra Group&#8217;s Ethics and Compliance Program and reporting to the Board of Directors, through the Conduct Committee.</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&#8220;</font><font>Employee</font><font>(</font><font>s)</font><font>&#8221;</font><font>: </font><font>member(s) of the </font><font>Board of Executive Officers</font><font>, the Board of Directors and their Committees, Advisory Councils, Fiscal Council, employee(s), intern(s) (as per the Internship Law</font><font> &#8211;</font><font> Law 11</font><font>,</font><font>788/2008) and young apprentice(s) (</font><font>as per the Apprenticeship Law</font><font> </font><font>10</font><font>,</font><font>097/2000).</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&#8220;External Representative(s)&#8221; &#8211; means the individual(s) or entity(</font><font>ies</font><font>) representing the interests or acting on behalf of Ultra Group, regardless of any </font><font>proxy or agreement, including, but not limited to, advisors, consultants, accountants, lawyers and brokers, among others.</font></p>
<p style="margin: 0px; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><font>&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">12</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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;">
<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; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 10px;">

<tr style="height: 10px;">
<td style="width: 50.0409%; height: 10px;"><br></td>
<td style="width: 49.8774%; text-align: right; height: 10px;"><img src="imgabgap5s5skl04331392.jpg" alt="Graphics"></td>
</tr>

</table>
<p style="margin: 0px; text-align: justify; line-height: 150%; font-size: 10pt; text-indent: 0px;"><font><br></font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&#8220;Key Person(s)&#8221; or &#8220;Key Person(s) of the Management&#8221;: one who has authority and responsibility for planning, directing and controlling the activities of the entity concerned, directly or indirectly.</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&#8220;Managers&#8221; and, jointly &#8220;Management&#8221;: with respect to Ultra Group, the members of the Company&#8217;s Board of Directors, statutory directors, members of the Fiscal Council, when established, and members of any other bodies with technical or consultative duties.</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&#8220;Partner(s)&#8221;: Ultra Group shareholder(s) whose performance or expression can reasonably be perceived as representative of the performance or expression of Ultra Group&#8217;s Managers.</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&#8220;Policy&#8221;: Corporate Policy of Conflict of Interest and Related Party Transactions.</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 11pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&#8220;Related Parties&#8221;: as defined in the Accounting Pronouncements Code No. 05 and item 3 of this Policy.</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&#8220;Relatives&#8221;: father, mother, siblings, spouse and/or partner, children and stepchildren. </font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&#8220;SEC&#8221;: </font><font>Securities and Exchange Commission</font><font> regulatory body of the capital markets in the United States of America.</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font><br></font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font><font>&#8220;Shareholders&#8221;: holders of the Company&#8217;s shares.</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&#8220;</font><font>Supplier(s) and Service Provider(s)</font><font>&#8221;</font><font>: suppliers and service provider</font><font>s</font><font> (except for those service providers already included in the definition </font><font>&#8220;</font><font>External Representative(s)</font><font>&#8221;</font><font>).</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&#8220;</font><font>Significant Influence</font><font>&#8221;</font><font> is the power to participate in an entity</font><font>&#8217;</font><font>s financial and operating decisions, but that does not characterize control over such policies.</font><font> </font><font>Such power can be obtained through </font><font>equity interest</font><font>, statutory provisions or shareholders</font><font>&#8217;</font><font> agreement. When an investor directly or indirectly holds twenty percent or more of an investee</font><font>&#8217;</font><font>s voting power, it is presumed </font><font>it</font><font> ha</font><font>s</font><font> Significant Influence</font><font>, </font><font>unless it can be clearly demonstrated otherwise. On the other hand, if the investor directly or indirectly holds less than twenty percent of the investee</font><font>&#8217;</font><font>s voting power, the influence will be assessed on a case-by-case basis. The existence of Significant Influence by an investor is usually evidenced in one or more of the following ways: (a) representation on the Board of Directors or on the investee</font><font>&#8217;</font><font>s board; (b) participation in policy making processes, including decisions on dividends and other distributions; (c) material transactions between the investor and the investee; (d) interchange of directors or managers; (e) supply of essential technical information.</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font>&#8220;</font><font>Ultra </font><font>Group</font><font>&#8221;: Ultrapar and its subsidiaries in Brazil and abroad. For the purposes of this Policy, Ultraprev &#8211; </font><font>Associa&#231;&#227;o</font><font> de </font><font>Previd&#234;ncia</font><font> </font><font>Complementar</font><font> will also be considered as a member of Ultra Group.</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><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">13</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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; line-height: 150%; font-size: 10pt; text-indent: 0px;"><font><br></font></p>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div align="center">
<table style="width: 70%; margin-left: auto; margin-right: auto; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td style="width: 100%;">
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt;"><img src="imgczf2ayxqcn304331405.jpg" style="display: block; margin-left: auto; margin-right: auto;" alt="Graphics"></p>
<p style="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt;"><font style="background-color: #ffffff; color: #ffffff;"> </font><br></p>
</td>
</tr>

</table>
</div>
<div>
<p style="text-align: center;"><font style="color: #ffffff;">Ultra</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;"><br></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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;"><br></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p><br></p>
&#8203;&#8203;
<table cellpadding="0" cellspacing="0" border="0" style="width: 99.5104%; margin-left: 0.1px; height: 112px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="width: 89.0401%; padding: 0px 0px 8px; text-align: center; height: 10px;" colspan="2"><font lang="EN-US" style="font-size: 16pt; line-height: 115%; font-family: 'Open Sans'; text-transform: uppercase; letter-spacing: 0.8pt; font-weight: bold;"> SumMARY</font> <br></td>
</tr>
<tr style="height: 17px;">
<td style="width: 89.0401%; padding: 0px 0px 8px; height: 17px;"><br></td>
<td style="width: 10.7149%; text-align: right; padding: 0px 0px 8px; height: 17px;"><br></td>
</tr>
<tr style="height: 17px;">
<td style="width: 89.0401%; height: 17px; padding: 0px 0px 8px;"><font style="font-size: 10pt;"><a href="#BA_BI2J56BAS000000000000000000000">1. DUTIES</a></font></td>
<td style="width: 10.7149%; height: 17px; text-align: right; padding: 0px 0px 8px;"><font style="color: #000000; font-family: 'Open Sans'; font-size: 10pt; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3</font></td>
</tr>
<tr style="height: 17px;">
<td style="width: 89.0401%; height: 17px; padding: 0px 0px 8px;"><font style="font-size: 10pt;"><a href="#BAA_FUZH3MXJJ400000000000000000000">2. ORGANIZATION AND COMPOSITION </a></font></td>
<td style="width: 10.7149%; height: 17px; text-align: right; padding: 0px 0px 8px;"><font style="color: #000000; font-family: 'Open Sans'; font-size: 10pt; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">4</font></td>
</tr>
<tr style="height: 17px;">
<td style="width: 89.0401%; height: 17px; padding: 0px 0px 8px;"><font style="font-size: 10pt;"><a href="#BB_O13W9W8DTS00000000000000000000">3. OPERATION </a></font></td>
<td style="width: 10.7149%; height: 17px; text-align: right; padding: 0px 0px 8px;"><font style="color: #000000; font-family: 'Open Sans'; font-size: 10pt; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">6</font><br></td>
</tr>
<tr style="height: 17px;">
<td style="width: 89.0401%; height: 17px; padding: 0px 0px 8px;"><font style="font-size: 10pt;"><a href="#BM_L37RTVHU1C00000000000000000000">4. FINAL PROVISIONS </a></font></td>
<td style="width: 10.7149%; height: 17px; text-align: right; padding: 0px 0px 8px;"><font style="color: #000000; font-family: 'Open Sans'; font-size: 10pt; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">7</font></td>
</tr>
<tr style="height: 17px;">
<td style="width: 89.0401%; height: 17px; padding: 0px 0px 8px;"><font style="font-size: 10pt;"><a href="#BBML_9DZPJTQKO000000000000000000000">EXHIBIT I &#8211; DEFINITIONS</a></font></td>
<td style="width: 10.7149%; height: 17px; text-align: right; padding: 0px 0px 8px;"><font style="color: #000000; font-family: 'Open Sans'; font-size: 10pt; 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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">9</font></td>
</tr>

</table>
<p><br></p>
<p><br></p>
<p><br></p>
</div>
<p><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">9</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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>
<ol type="1" style="margin: 0pt; padding-left: 0pt;"></ol>
<div style="margin-top: 12pt; margin-bottom: 10pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="text-decoration: none; color: #1f497d; cursor: default; outline: none; pointer-events: none; font-family: 'Open Sans'; font-weight: bold; font-size: 12pt;"><font style="text-decoration: none; color: #1f497d; cursor: default; outline: none; pointer-events: none; font-family: 'Open Sans'; font-weight: bold; font-size: 12pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="BA_BI2J56BAS000000000000000000000" class="customBookmark"></a></font></font>
<div style="width: 8.5in; margin: 0 auto;">
<div>
<div style="margin-top: 12pt; margin-bottom: 10pt; text-align: justify; line-height: 150%; font-size: 10pt; color: #1f497d;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="BA_BI2J56BAS000000000000000000000" class="customBookmark"><font style="font-family: 'Open Sans'; font-weight: bold; font-size: 12pt; color: #1f497d;">1. DUTIES</font></a></div>
<p style="margin-top: 12pt; margin-bottom: 10pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">1.1.</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">Ultra Group&#8217;s</font><font style="font-family: 'Open Sans';"> Conduct Committee (&#8220;Committee&#8221;) is a non-statutory and permanent body, created by resolution of the Board of Directors, subject to the applicable l</font><font style="font-family: 'Open Sans';">aws</font><font style="font-family: 'Open Sans';"> and regulation</font><font style="font-family: 'Open Sans';">s</font><font style="font-family: 'Open Sans';"> (the </font><font style="font-family: 'Open Sans';">&#8220;Regulation</font><font style="font-family: 'Open Sans';">&#8221;), in particular Novo Mercado Regulation of B3 S.A. &#8211; Brasil, Bolsa, Balc&#227;o, the Company&#8217;s Bylaw and this Internal </font><font style="font-family: 'Open Sans';">Bylaws</font><font style="font-family: 'Open Sans';"> (&#8220;</font><font style="font-family: 'Open Sans';">Bylaws</font><font style="font-family: 'Open Sans';">&#8221;).</font></p>
<p style="margin-top: 12pt; margin-bottom: 10pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">1.2. </font><font style="font-family: 'Open Sans';">The Committee aims to promote respect, compliance and improvement of the ethical principles that guide decisions and the legitimacy and improvement of the conduct of Ultra Group&#8217;s employees and partners, as well as to monitor compliance with Ultrapar&#8217;s Code of Ethics (&#8220;Code of Ethics&#8221;), having as main duties:</font></p>
<table style="width: 100%; margin-left: 0.1px; height: 30px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="height: 10px; padding: 0px 0px 8px; vertical-align: top; width: 5%;" valign="top"><br></td>
<td style="height: 10px; padding: 0px 0px 8px; vertical-align: top; width: 3%;" valign="top"><font style="color: #000000; font-family: 'Open Sans'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">a)</font></td>
<td style="height: 10px; padding: 0px 0px 8px; vertical-align: top; width: 92%;" valign="top"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Open Sans';">manage the application of the Code of Ethics, its guidelines and related policies;</font></td>
</tr>
<tr style="height: 20px;">
<td style="height: 20px; padding: 0px 0px 8px; vertical-align: top;" valign="top"><br></td>
<td style="height: 20px; padding: 0px 0px 8px; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Open Sans'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">b)</font></td>
<td style="height: 20px; padding: 0px 0px 8px; vertical-align: top;" valign="top"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Open Sans';">supervise the application and effectiveness of the Code of Ethics principles;</font></td>
</tr>
<tr>
<td style="padding: 0px 0px 8px; vertical-align: top;"><br></td>
<td style="padding: 0px 0px 8px; vertical-align: top;"><font style="color: #000000; font-family: 'Open Sans'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">c)</font></td>
<td style="padding: 0px 0px 8px; vertical-align: top;"><font style="color: #000000; font-family: 'Open Sans'; font-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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">review and approve the Ethics and Compliance Program and supervise its application, in order to ensure compliance;</font></td>
</tr>
<tr>
<td style="padding: 0px 0px 8px; vertical-align: top;"><br></td>
<td style="padding: 0px 0px 8px; vertical-align: top;"><font style="color: #000000; font-family: 'Open Sans'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">d)</font><br></td>
<td style="padding: 0px 0px 8px; vertical-align: top;"><font style="color: #000000; font-family: 'Open Sans'; font-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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">propose and evaluate new policies associated with the Code of Ethics, as well as propose changes to it and to the associated policies currently in force;</font><br></td>
</tr>
<tr>
<td style="padding: 0px 0px 8px; vertical-align: top;"><br></td>
<td style="padding: 0px 0px 8px; vertical-align: top;"><font style="color: #000000; font-family: 'Open Sans'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">e)</font><br></td>
<td style="padding: 0px 0px 8px; vertical-align: top;"><font style="color: #000000; font-family: 'Open Sans'; font-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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">monitor investigations carried out by the Risk, Audit and Compliance Committee;</font></td>
</tr>
<tr>
<td style="padding: 0px 0px 8px; vertical-align: top;"><br></td>
<td style="padding: 0px 0px 8px; vertical-align: top;"><font style="color: #000000; font-family: 'Open Sans'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">f)</font></td>
<td style="padding: 0px 0px 8px; vertical-align: top;"><font style="color: #000000; font-family: 'Open Sans'; font-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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">recommend the appropriate disciplinary, administrative or judicial measures, related to a subject within its authority, to be adopted by Ultra Group&#8217;s bodies, as well as decide on the need to report the matter to the Risk and Audit Committee or the Board of Directors of the Company for additional measures that may be applicable;</font></td>
</tr>
<tr>
<td style="padding: 0px; vertical-align: top;"><br></td>
<td style="padding: 0px; vertical-align: top;"><font style="color: #000000; font-family: 'Open Sans'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">g)</font><br></td>
<td style="padding: 0px; vertical-align: top;"><font style="color: #000000; font-family: 'Open Sans'; font-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-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">formally report the Committee&#8217;s resolutions to the Board of Directors in the most relevant cases;</font></td>
</tr>

</table>
</div>
<p style="margin-top: 0pt; margin-left: 42.55pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; line-height: 150%; font-size: 10pt;"><br></p>
<p style="margin-top: 0pt; margin-left: 42.55pt; margin-bottom: 0pt; text-indent: -14.2pt; text-align: justify; line-height: 150%; font-size: 10pt;"><br></p>
</div>
<font style="text-decoration: none; color: #1f497d; cursor: default; outline: none; pointer-events: none; font-family: 'Open Sans'; font-weight: bold; font-size: 12pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="BA_BI2J56BAS000000000000000000000" class="customBookmark"></a></font></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">3</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin: 0px; text-indent: 0px;"><br></p>
<div>
<table style="width: 100%; margin-left: 0.1px; height: 30px; font-family: 'times new roman'; font-size: 10pt;">

<tr style="height: 10px;">
<td style="height: 10px; padding: 0px 0px 8px; vertical-align: top; width: 5%;" valign="top"><br></td>
<td style="height: 10px; padding: 0px 0px 8px; vertical-align: top; width: 3%;" valign="top"><font style="color: #000000; font-family: 'Open Sans'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">h)</font></td>
<td style="height: 10px; padding: 0px 0px 8px; vertical-align: top; width: 92%;" valign="top"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Open Sans';">share the annual reports with the Risk and Audit Committee and the Board of Directors describing their activities and those of the Ethics and Compliance<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Open Sans';">Program, without prejudice to extraordinary reports, whenever necessary; and</font></td>
</tr>
<tr style="height: 20px;">
<td style="height: 20px; padding: 0px; vertical-align: top;" valign="top"><br></td>
<td style="height: 20px; padding: 0px; vertical-align: top;" valign="top"><font style="color: #000000; font-family: 'Open Sans'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: 1.06667px; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">i)</font></td>
<td style="height: 20px; padding: 0px; vertical-align: top;" valign="top"><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Open Sans';">answer questions about the application or interpretation of the Code of Ethics provisions, the policies adopted by Ultra Group and, in the areas of its authority, the law and the<font>&nbsp;</font></font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Open Sans';">Bylaws</font><font style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; orphans: 2; text-align: justify; text-indent: -18.9333px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Open Sans';">.</font></td>
</tr>

</table>
<p style="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">1.</font><font style="font-family: 'Open Sans';">3</font><font style="font-family: 'Open Sans';">.</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">In exercising its powers, the Committee must comply with and enforce this </font><font style="font-family: 'Open Sans';">Bylaws</font><font style="font-family: 'Open Sans';">, and its members must exercise their roles respecting the duties of loyalty and diligence and keep the confidentiality of the information they have access.</font></p>
<div style="margin-top: 12pt; margin-bottom: 10pt; text-align: justify; line-height: 150%; font-size: 10pt; color: #1f497d;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="BAA_FUZH3MXJJ400000000000000000000" class="customBookmark"><font style="font-family: 'Open Sans'; font-weight: bold; font-size: 12pt; color: #1f497d;">2. ORGANIZATION AND COMPOSITION</font></a></div>
<p style="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">2.1</font><font style="font-family: 'Open Sans';">.</font><font style="font-family: 'Open Sans';"> The Committee </font><font style="font-family: 'Open Sans';">shall</font><font style="font-family: 'Open Sans';"> be composed of a Chairman and at least 4 (four) members, all elected by </font><font style="font-family: 'Open Sans';">the</font><font style="font-family: 'Open Sans';"> Board of Directors of</font><font style="font-family: 'Open Sans';"> the Company</font><font style="font-family: 'Open Sans';">, including necessarily the Risk, Audit and Compliance Officer, the Legal Officer and an independent member.</font></p>
<p style="margin-top: 12pt; margin-left: 28.35pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">2.1.1. </font><font style="font-family: 'Open Sans';">Members of the </font><font style="font-family: 'Open Sans';">Committee will remain in office until they are removed or replaced.</font></p>
<p style="margin-top: 12pt; margin-left: 28.35pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">2</font><font style="font-family: 'Open Sans';">.1.2.</font><font style="font-family: 'Open Sans';"> The </font><font style="font-family: 'Open Sans';">position</font><font style="font-family: 'Open Sans';"> of</font><font style="font-family: 'Open Sans';"> member of the</font><font style="font-family: 'Open Sans';"> Committee</font><font style="font-family: 'Open Sans';"> cannot be </font><font style="font-family: 'Open Sans';">delegated</font><font style="font-family: 'Open Sans';">, and</font><font style="font-family: 'Open Sans';"> must be exercised with due regard for the duties of loyalty, diligence and confidentiality, as well as in order to avoid any conflict situations that may affect the interests of the Company and its shareholders.</font></p>
<p style="margin-top: 12pt; margin-left: 28.35pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">2.1.3. </font><font style="font-family: 'Open Sans';">Members of the </font><font style="font-family: 'Open Sans';">Committee </font><font style="font-family: 'Open Sans';">shall</font><font style="font-family: 'Open Sans';"> maintain an impartial posture in the performance of their activities and </font><font style="font-family: 'Open Sans';">shall</font><font style="font-family: 'Open Sans';">, above all, be proactive in the pursuit of constant improvement of ethical behavior, as well as respect the rules and principles established in the Code of Ethics, the applicable legislation, </font><font style="font-family: 'Open Sans';">the</font><font style="font-family: 'Open Sans';"> Bylaw</font><font style="font-family: 'Open Sans';">s</font><font style="font-family: 'Open Sans';">,</font><font style="font-family: 'Open Sans';"> the </font><font style="font-family: 'Open Sans'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Open Sans';">policies adopted by Ultra Group (in particular, the Corporate Policy of Conflict of Interest, the Corporate Anti-Corruption Policy and the Competitive Corporate Policy), this </font><font style="font-family: 'Open Sans';">Bylaws</font><font style="font-family: 'Open Sans';"> and the best market practices, always respecting the values and principles adopted by Ultra Group.</font></p>
</div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

<tr>
<td class="pgno" style="padding: 0px; text-align: center;"><font style="font-size: 10pt;" class="pageno">4</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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;">
<div>
<p style="margin-top: 12pt; margin-left: 28.35pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">2.1.</font><font style="font-family: 'Open Sans';">4</font><font style="font-family: 'Open Sans';">. </font><font style="font-family: 'Open Sans';">Members of the </font><font style="font-family: 'Open Sans';">Committee will take office by signing the applicable term of office, in which the requirements for filling the position will be declared.</font></p>
<p style="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">2.2. </font><font style="font-family: 'Open Sans';">Notwithstanding Paragraph 2.2.1 below, in case of absence or occasional impediment of a member of the Committee, and provided that there is no minimum q</font><font style="font-family: 'Open Sans';">uorum referred to in Clause 3.3</font><font style="font-family: 'Open Sans';"> below, the Chairman will appoint the one who will temporarily replace the absent or impeded member. If the absent or impeded member is the Chairman, the Risk, Compliance and Audit Officer will make the appointment.</font></p>
<p style="margin-top: 12pt; margin-left: 28.35pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">2.2.1. </font><font style="font-family: 'Open Sans';">In the case of vacancy of a </font><font style="font-family: 'Open Sans';">member of the </font><font style="font-family: 'Open Sans';">Committee, this fact shall be immediately reported to the Board of Directors, so that it can proceed with the election of a new member.</font></p>
<p style="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">2.3. </font><font style="font-family: 'Open Sans';">The Risk, Compliance and Audit Officer will be the Committee&#8217;s coordinator, with the responsibility of representing, organizing and coordinating the Committee&#8217;s activities as well as</font><font style="font-family: 'Open Sans';">:</font></p>
<p style="margin-top: 12pt; margin-left: 64.35pt; margin-bottom: 0pt; text-indent: -18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">a)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Open Sans';">calling </font><font style="font-family: 'Open Sans';">the Committee</font><font style="font-family: 'Open Sans';">&#8217;</font><font style="font-family: 'Open Sans';">s</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">meetings</font><font style="font-family: 'Open Sans';">;</font></p>
<p style="margin-top: 0pt; margin-left: 64.35pt; margin-bottom: 0pt; text-indent: -18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">b)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Open Sans';">represent</font><font style="font-family: 'Open Sans';">ing</font><font style="font-family: 'Open Sans';"> the Committee in its relationship with the Board of Directors</font><font style="font-family: 'Open Sans';"> and its advisory committees</font><font style="font-family: 'Open Sans';">,</font><font style="font-family: 'Open Sans';"> the </font><font style="font-family: 'Open Sans';">Board of </font><font style="font-family: 'Open Sans';">Executive</font><font style="font-family: 'Open Sans';"> Officers of the Company and its subsidiaries</font><font style="font-family: 'Open Sans';">, </font><font style="font-family: 'Open Sans';">with the</font><font style="font-family: 'Open Sans';"> internal and external audits and its internal bodies and committees, signing, when necessary, the correspondence, invitations and reports addressed to them;</font><font style="font-family: 'Open Sans';"> and</font></p>
<p style="margin-top: 0pt; margin-left: 64.35pt; margin-bottom: 18pt; text-indent: -18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">c)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Open Sans';">c</font><font style="font-family: 'Open Sans';">all</font><font style="font-family: 'Open Sans';">ing</font><font style="font-family: 'Open Sans';">,</font><font style="font-family: 'Open Sans';"> on behalf of the</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">Committee</font><font style="font-family: 'Open Sans';">, </font><font style="font-family: 'Open Sans';">any participants for the</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">Committee</font><font style="font-family: 'Open Sans';">&#8217;</font><font style="font-family: 'Open Sans';">s </font><font style="font-family: 'Open Sans';">meetings</font><font style="font-family: 'Open Sans';">.</font></p>
<p style="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">2.4.</font><font style="font-family: 'Open Sans';"> A secretary shall be appointed for the Committee and for its meetings, who is responsible for preparing the minutes of the meetings, as well as providing </font><font style="font-family: 'Open Sans';">any and all</font><font style="font-family: 'Open Sans';"> assistance necessary for the proper operation of the Committee.</font></p>
</div>
<div><br></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">5</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" 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="margin: 10pt; text-align: justify; line-height: 150%; font-size: 10pt; margin-left: 1PT;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="margin: 10pt; text-align: justify; line-height: 150%; font-size: 10pt; color: #1f497d; margin-left: 1PT;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="BB_O13W9W8DTS00000000000000000000" class="customBookmark"><font style="font-family: 'Open Sans'; font-weight: bold; font-size: 12pt; color: #1f497d;">3. OPERATION </font></a></div>
<p style="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">3.1. </font><font style="font-family: 'Open Sans';">The Committee will meet ordinarily every 3 (three) months and extraordinarily whenever called by the Committee&#8217;s coordinator or by any of its other members.</font></p>
<p style="margin-top: 10pt; margin-left: 28.35pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">3.1.1. </font><font style="font-family: 'Open Sans';">In ordinary meetings, the Committee will follow the minimum agenda below, without prejudice to other topics that it deems relevant to address:</font></p>
<p style="margin-top: 0pt; margin-left: 28.35pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 46.2pt; margin-bottom: 0pt; text-indent: -17.85pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">a)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Open Sans';">monitoring of pending issues arising from previous resolutions </font></p>
<p style="margin-top: 0pt; margin-left: 46.2pt; margin-bottom: 0pt; text-indent: -17.85pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">b)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Open Sans';">summary of Ultra Open Channel events; and</font></p>
<p style="margin-top: 0pt; margin-left: 46.2pt; margin-bottom: 15pt; text-indent: -17.85pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">c)</font><font style="font: 7pt 'Times New Roman'; -aw-import: spaces;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="font-family: 'Open Sans';">progress in the work of the Ethics and Compliance Program.</font></p>
<p style="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">3.2. Call notices </font><font style="font-family: 'Open Sans';">shall be provided by</font><font style="font-family: 'Open Sans';"> electronic communication to be sent with the advance requir</font><font style="font-family: 'Open Sans';">ed and permitted by the subject-</font><font style="font-family: 'Open Sans';">matter of the meeting, and the meetings will be held at the Company</font><font style="font-family: 'Open Sans';">&#8217;</font><font style="font-family: 'Open Sans';">s headquarters, except when other place is required by exceptional conditions. Meetings may be attended through conference call, video conference or through any other remote mean of communication, provided that the electronic vote is permitted.</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">The call may be waived whenever all </font><font style="font-family: 'Open Sans';">members of </font><font style="font-family: 'Open Sans';">the Committee are present at the meeting.</font></p>
<p style="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">3.3. </font><font style="font-family: 'Open Sans';">The meetings will be established with the presence of 2 (two) members, one of them being necessarily the Chairman or the Risk, Compliance and Audit Officer.</font></p>
<p style="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">3.4. </font><font style="font-family: 'Open Sans';">The Committee may invite to participate in its meetings members of the Board of Directors or its advisory committees, Directors, internal and external employees of the Company or its subsidiaries, as well as request the presence, for the provision of clarifications, of any persons submitted to the Code of Ethics that have relevant or pertinent information to the Committee&#8217;s activities.</font></p>
<p style="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">3.</font><font style="font-family: 'Open Sans';">5</font><font style="font-family: 'Open Sans';">. </font><font style="font-family: 'Open Sans';">The matters, recommendations and opinions of the Committee shall be recorded in the minutes of their meetings, which shall be </font><font style="font-family: 'Open Sans';">executed </font><font style="font-family: 'Open Sans';">by the members of the Committee present, and shall include the relevant points of the discussions, the list of those present, mention of the justified absences, possible irregularities, the requested measures and any issues of disagreement between the members.</font><font style="font-family: 'Open Sans';"> The </font><font style="font-family: 'Open Sans';">supporting documents for the meetings will be filed at the Company&#8217;s headquarters.</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">6</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
<div>
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">3.6. </font><font style="font-family: 'Open Sans';">The Committee&#8217;s resolutions will be taken by majority vote, with the Chairman, or in its absence, its replacement at the meeting being responsible for, in addition to its vote, the tiebreaker.</font></p>
<div style="margin: 10pt; text-align: justify; line-height: 150%; font-size: 10pt; color: #1f497d; margin-left: 1PT;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="BM_L37RTVHU1C00000000000000000000" class="customBookmark"><font style="font-family: 'Open Sans'; font-weight: bold; font-size: 12pt; color: #1f497d;">4. FINAL PROVISIONS </font></a></div>
<p style="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">4.1. </font><font style="font-family: 'Open Sans';">The Committee shall finally:</font></p>
<p style="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">(a) p</font><font style="font-family: 'Open Sans';">rotect the Company</font><font style="font-family: 'Open Sans';">&#8217;</font><font style="font-family: 'Open Sans';">s interests, </font><font style="font-family: 'Open Sans';">within the scope of </font><font style="font-family: 'Open Sans';">its</font><font style="font-family: 'Open Sans';"> duties</font><font style="font-family: 'Open Sans';">;</font><font style="font-family: 'Open Sans';"> and</font></p>
<p style="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans'; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Open Sans';">(b) </font><font style="font-family: 'Open Sans';">guide its conduct by high ethical standards, as well as observe and encourage good corporate governance practices at the Company.</font></p>
<p style="margin-top: 12pt; margin-left: 28.35pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">4.1.1. </font><font style="font-family: 'Open Sans';">Any acting member of the Committee will have the option of individually requesting and examining books and other corporate documents, making notes and observations, which will be discussed and resolve at the respective meetings, provided that such books and documents refer to the matters assigned to the Committee, in accordance with Paragraph 1.2.</font></p>
<p style="margin-top: 12pt; margin-left: 28.35pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">4.1.</font><font style="font-family: 'Open Sans';">2</font><font style="font-family: 'Open Sans';">. </font><font style="font-family: 'Open Sans';">Examination of documents will only be allowed at the Company&#8217;s headquarters and upon prior request.</font></p>
<p style="margin-top: 12pt; margin-left: 28.35pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">4.1.</font><font style="font-family: 'Open Sans';">3</font><font style="font-family: 'Open Sans';">. </font><font style="font-family: 'Open Sans';">Requests for information or clarification by any member of the Committee shall be submitted to the bodies of the Company&#8217;s management, by means of a request signed by the Committee&#8217;s secretary</font></p>
</div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" 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-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">4.2. </font><font style="font-family: 'Open Sans';">The Committee may convene specialists and hire external consultants to analyze and discuss topics under its responsibility, ensuring the integrity and confidentiality of the work.</font></p>
<p style="margin-top: 12pt; margin-bottom: 18pt; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">4.3. </font><font style="font-family: 'Open Sans';">Omissions in this </font><font style="font-family: 'Open Sans';">Bylaws</font><font style="font-family: 'Open Sans';"> will be resolved by the Committee.</font><font style="font-family: 'Open Sans';"> </font></p>
<p style="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">4.</font><font style="font-family: 'Open Sans';">4</font><font style="font-family: 'Open Sans';">. </font><font style="font-family: 'Open Sans';">This </font><font style="font-family: 'Open Sans';">Bylaws</font><font style="font-family: 'Open Sans';"> is effective on the date of its approval by the Board of Directors and will be posted on the Company&#8217;s website.</font></p>
<p style="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">4.</font><font style="font-family: 'Open Sans';">5</font><font style="font-family: 'Open Sans';">. Capitalized terms used herein, in plural or singular, shall have the meaning a</font><font style="font-family: 'Open Sans';">ssigned</font><font style="font-family: 'Open Sans';"> to them in </font><font style="font-family: 'Open Sans';">Exhibit</font><font style="font-family: 'Open Sans';"> I &#8211;</font><font style="font-family: 'Open Sans';"> Definitions.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; line-height: 150%; font-size: 10pt;"><br></p>
</div>
<div><br></div>
</div>
<div>
<table style="width: 100%; font-family: 'times new roman'; font-size: 10pt;">

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

</table>
<hr class="horizontalLineRemoved" 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="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 12pt;">
<div style="width: 8.5in; margin: 0 auto;">
<div style="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 12pt;"><a style="text-decoration: none; color: #000000; cursor: default; outline: none; pointer-events: none;" href="#" name="BBML_9DZPJTQKO000000000000000000000" class="customBookmark"><font style="font-family: 'Open Sans'; font-weight: bold; text-transform: uppercase; color: #1f497d;">EXHIBIT I &#8211; DEFINITIONS</font></a></div>
<p style="margin-top: 12pt; margin-bottom: 18pt; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">For the purposes of this </font><font style="font-family: 'Open Sans';">Bylaws</font><font style="font-family: 'Open Sans';">, the terms below shall have the following meanings:</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">&#8220;</font><font style="font-family: 'Open Sans';">Bylaws</font><font style="font-family: 'Open Sans';">&#8221;: is this Internal </font><font style="font-family: 'Open Sans';">Bylaws</font><font style="font-family: 'Open Sans';">;</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">&#8220;Chairman&#8221;: is the Committee&#8217;s Chairman; </font></p>
<p style="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 11pt;"><font style="font-family: 'Open Sans'; font-size: 10pt;">&#8220;</font><font style="font-family: 'Open Sans'; font-size: 10pt;">Code of Ethics</font><font style="font-family: 'Open Sans'; font-size: 10pt;">&#8221;:</font><font style="font-family: 'Open Sans'; font-size: 10pt;"> </font><font style="font-family: Calibri; -aw-import: spaces;">&nbsp;</font><font style="font-family: 'Open Sans'; font-size: 10pt;">is the code of Ethics approved by Ultrapar&#8217;s Board of Directors, applicable to the entire Ultra Group and defined in Paragraph 1</font><font style="font-family: 'Open Sans'; font-size: 10pt;">2</font><font style="font-family: 'Open Sans'; font-size: 10pt;">;</font></p>
<p style="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">&#8220;</font><font style="font-family: 'Open Sans';">Committee</font><font style="font-family: 'Open Sans';">&#8221;: </font><font style="font-family: 'Open Sans';">is the </font><font style="font-family: 'Open Sans';">Conduct Committee</font><font style="font-family: 'Open Sans';">, defin</font><font style="font-family: 'Open Sans';">ed in</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">Paragraph</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">1.1</font><font style="font-family: 'Open Sans';">;</font></p>
<p style="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">&#8220;Company&#8221; or &#8220;Ultrapar&#8221;: Ultrapar Participa&#231;&#245;es S.A.;</font></p>
<p style="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">&#8220;</font><font style="font-family: 'Open Sans';">Risk, Compliance and Audit Officer</font><font style="font-family: 'Open Sans';">&#8221;: </font><font style="font-family: 'Open Sans';">is the</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">Ultrapar</font><font style="font-family: 'Open Sans';">&#8217;</font><font style="font-family: 'Open Sans';">s </font><font style="font-family: 'Open Sans';">Risk, Compliance and Audit Officer</font><font style="font-family: 'Open Sans';">;</font></p>
<p style="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">&#8220;</font><font style="font-family: 'Open Sans';">Legal Officer</font><font style="font-family: 'Open Sans';">&#8221;: </font><font style="font-family: 'Open Sans';">is the Ultrapar</font><font style="font-family: 'Open Sans';">&#8217;</font><font style="font-family: 'Open Sans';">s</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">Legal Officer</font><font style="font-family: 'Open Sans';">;</font></p>
<p style="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">&#8220;Bylaws&#8221;: Ultrapar</font><font style="font-family: 'Open Sans';">&#8217;</font><font style="font-family: 'Open Sans';">s Bylaws;</font></p>
<p style="margin-top: 12pt; margin-bottom: 18pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">&#8220;</font><font style="font-family: 'Open Sans';">Policy</font><font style="font-family: 'Open Sans';"> of</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">Conflict of Interest</font><font style="font-family: 'Open Sans';">&#8221;: </font><font style="font-family: 'Open Sans';">the Ultra Corporate</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">Policy</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">for </font><font style="font-family: 'Open Sans';">Conflict of Interest</font><font style="font-family: 'Open Sans';">;</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">&#8220;</font><font style="font-family: 'Open Sans';">Regulation</font><font style="font-family: 'Open Sans';">&#8221;: </font><font style="font-family: 'Open Sans';">is the l</font><font style="font-family: 'Open Sans';">aws</font><font style="font-family: 'Open Sans';"> and regulation applicable to the Committee, pursuant to the</font><font style="font-family: 'Open Sans';"> </font><font style="font-family: 'Open Sans';">Paragraph</font><font style="font-family: 'Open Sans';"> 1.1</font><font style="font-family: 'Open Sans';">; and</font></p>
<p style="margin-top: 12pt; margin-bottom: 18pt; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans';">&#8220;</font><font style="font-family: 'Open Sans';">Ultra Group</font><font style="font-family: 'Open Sans';">&#8221;: </font><font style="font-family: 'Open Sans';">Ultrapar</font><font style="font-family: 'Open Sans';"> and its subsidiaries in Brazil and abroad.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans'; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-left: 18pt; margin-bottom: 0pt; text-align: justify; line-height: 150%; font-size: 10pt;"><font style="font-family: 'Open Sans'; font-weight: bold; text-transform: uppercase; -aw-import: ignore;">&nbsp;</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; line-height: 150%; font-size: 11pt;"><font style="font-family: 'Open Sans'; -aw-import: ignore;">&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">9</font></td>
</tr>

</table>
<hr class="horizontalLineRemoved" style="border-bottom-color: #000000; border-top-color: #000000; color: #000000; background-color: #000000;"></hr>
<div class="pageBreak" style="page-break-before: always; font-size: 10pt; text-align: left;"><a href="#TOC">Table of Contents</a></div>
</div>
</div><div style="font-family: 'times new roman', times; font-size: 10pt;">
<div style="width: 8.5in; margin: 0 auto;">
<p style="margin-top: 0pt; margin-bottom: 10pt; line-height: 115%; font-size: 13pt;"><font style="font-family: 'times new roman', times; font-weight: bold;">SIGNATURES</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; font-size: 10pt;"><font style="font-family: 'times new roman', times;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; text-align: justify; line-height: 115%; font-size: 10pt;"><font style="font-family: 'times new roman', times;">Date: February 24, 2021<font style="width: 35.4pt; display: inline-block;">&nbsp;</font></font></p>
<table style="height: 86px; width: 80%; 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; font-family: 'times new roman'; font-size: 10pt; margin-left: auto; margin-right: auto;">

<tr style="height: 17px;">
<td style="width: 30.0245%; height: 17px;"><br></td>
<td style="height: 17px; width: 64.9657%;" colspan="3"><font style="font-family: 'times new roman', times;"><font style="color: #000000; font-size: 10pt; 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></font></td>
</tr>
<tr style="height: 17px;">
<td style="width: 30.0245%; height: 17px;"><br></td>
<td style="height: 17px; width: 5.00002%;"><br></td>
<td style="height: 17px; width: 1.96078%;"><br></td>
<td style="height: 17px; width: 58.0049%;"><br></td>
</tr>
<tr style="height: 17px;">
<td style="width: 30.0245%; height: 17px;"><br></td>
<td style="height: 17px; width: 5.00002%;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;">By:</font></font></td>
<td style="height: 17px; width: 1.96078%;"><br></td>
<td style="border-bottom: 1pt solid #000000; height: 17px; width: 58.0049%;"><font style="font-family: 'times new roman', times;"><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: 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;">/s/ Rodrigo de Almeida<font>&nbsp;</font></font>Pizzinatto</font></td>
</tr>
<tr style="height: 18px;">
<td style="width: 30.0245%; height: 18px;"><br></td>
<td style="height: 18px; width: 5.00002%;"><font style="font-family: 'times new roman', times;"><font style="font-size: 10pt;"><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: -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></font></font></td>
<td style="height: 18px; width: 1.96078%;"><br></td>
<td style="height: 18px; width: 58.0049%;"><font style="font-family: 'times new roman', times;"><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: 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</font></td>
</tr>
<tr style="height: 17px;">
<td style="width: 30.0245%; height: 17px;"><br></td>
<td style="height: 17px; width: 5.00002%;"><font style="font-family: 'times new roman', times;"><font style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-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;">Title:</font></font></td>
<td style="height: 17px; width: 1.96078%;"><br></td>
<td style="height: 17px; width: 58.0049%;"><font style="font-family: 'times new roman', times;"><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: 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></font></td>
</tr>

</table>
<p style="margin-top: 0pt; margin-bottom: 10pt; line-height: 115%; font-size: 9pt;"><font style="font-family: 'times new roman', times; font-style: italic;"><br></font></p>
<p style="margin-top: 0pt; margin-bottom: 10pt; line-height: 115%; font-size: 9pt;"><font style="font-family: 'times new roman', times;"><font style="font-style: italic;">(</font><font style="font-style: italic;">2020 Financial Report, 4Q20 and 2020 Earnings Release, Board of Directors minutes, Fiscal Council minutes, Notice to shareholders, Material Notice, Conflict of Interest and Related Party Transactions&nbsp;<font style="color: #000000; font-family: 'times new roman', times; font-size: 12px; font-style: italic; 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;">Corporate Policy</font>&nbsp;and Internal bylaws of the Conduct Committee</font></font><font style="font-family: 'Century Gothic'; font-style: italic;"><font style="font-family: 'times new roman', times;">)</font></font></p>
</div>
</div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>img0drhnm4gn1k04331376.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img0drhnm4gn1k04331376.jpg
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ML\HH&BH#!7V'BJ$=0VHJ$/#PZ1Z5]U DE8:A!ST(6OJ]*L^\^/T6^4$/ZW2
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3OD:,UKR':0    !)14Y$KD)@@@$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>img0jsppu4koau04331392.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img0jsppu4koau04331392.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>img1eklhiagrqp04331380.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img1eklhiagrqp04331380.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>img1fskspgrmkj04331392.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img1fskspgrmkj04331392.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>img21nndcfvruu04331392.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img21nndcfvruu04331392.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I
M*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1  (! @0$ P0'!00$  $"=P ! @,1
M! 4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H
M*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&
MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76
MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_  !$( #$ <0,!$0 "$0$#$0'_V@ ,
M P$  A$#$0 _ /?Z "@ H * "@ H * "@ H * *FHM?+9L-.2)K@\*96PJ^_
MO6E/DYO?V,ZO/R_N]SAKOPIXIOI"]S?1R$]C,<#Z#&!7IPQ6'@K17X'CSP>*
MF[RE^)IZ1X7%A"IN=9EBN@V2()@%'MR.:\G&N->KSIM61UX?"^SC[TM?(ZN&
M:+:D?VA97QC.1EORJ$UM<[TUM<FJB@H * "@ H * "@ H * "@ H \UNM5\9
M&[F,,-ZL6\[ +7@#/'\->S&EA>57:^__ ()X,ZV,YG9.WI_P"(:GXV)QY=]_
MX"?_ &-/V>$\OO\ ^"3[7&^?W?\  +J^!]4N%$\UU")9!O<,3G<>3GCKFOEL
M5A95:TIIJU]/3H=<<'4:NWJ2P^!]3MYTFBO8%DC8,I&[@C\*PC@JD7=-%K"3
MB[IG;_Z3Z1?F:]3WCT/>)JHH* "@ H * "@ H * "@ H X6_\>W5AJ%Q:/IJ
M;H7*9,AYP>O2O4A@8SBI*6YX]3,94YN+CL56^(5[<#R(-/199/E0AR2">!QB
MJ^HPC[S>Q']I3E[L8ZC=GC#UO/\ OJOD7]:;ZFUL3YBA/&!(&;S_ +ZHMBO,
M=L3YG4?V/J7_ $%IO^^J[O8U/YCL]E/^8W:ZCH"@ H * "@ H * "@!&944L
MQ"J.I)QB@!L4L<R;XI%=?53D46L!!/IUC.YEFLH)9#U9HU)/XFKC4G%63,Y4
MH2=W%,Y;5=>T_2&"6>CK!?!OE,ML% '<Y'7\*TK^TIT)57*Z7F<%2O3INT(6
MEZ%.#QIK5U*(H+*WDD/15C<G_P!"KPHXRM)V20+%59.R2.PTI]4DMV?5(X(I
M"?E2+/ ]SD_I7HTG4:O4L=U-U&O?+]:FI\V_";_DIUE_USE_]%FO7Q/\)D+<
MZ'X]_P#(2T7_ *Y2?S6L<%LQL7XT_P#(!\)_]<I/_08Z,)\4@9ZOHD/VCP7I
MT&[;YEA&F<9QF,"N*;M-OS*/ ?'OPX_X0BQL[G^U?MOVB0IM^S^7MP,Y^\<U
MZ=&O[5M6L0U8[KX;_#+^S[K1/%G]K^9N@\[[-]GQCS(R,;MW;=Z=JYJ^(NG3
ML-(\Y\%>$(O&?B*]L);XV:Q1-,'"!LX<#&,CUKKK5?9132$E<Z3PIJ&J>"OB
M<GAB+5/M^GR3K"X!RAW $,!D[2,\X]"*RJ1C5I<]K,:T8SQ#?:K\1/B:_AG[
M<UOI\=S)"B+]U1'G<Y'\1.TXSZT0C&C2Y[:ANRKXATK5/A'XCLI])U5Y8[A"
M^&7:'P<%77.".1S[^V:JG*.)BU)!L?0]K.MU:0W"C"RH' ^HS7E-6=BA[(KC
M:ZAAZ$9I6N%K@D:1C"(JCT Q222V$DEL.IC"@#YFC%_\+_B%!<WEH9A"N0,[
M1*C)@[3[9_,5[&F(IV1&Q%\0_&,GC2\LKU=/>TM(4:*+>V[>V06YP/5>/\:*
M%+V2:OJ#=SKOC3_R ?"?_7*3_P!!CK#"?%(;'Z9\<+;3])L[(Z%*YMX4B+"X
M SM4#/W?:B6#;;=PN7/CA,+GPSH4X7:))2^/3* U.#5IR0,]$\$_\B+H/_7C
M#_Z *Y:W\27J4CYU\(^#Y/&FNW]A%>+:R0Q/,K,FX,0P&.HQ][KS]*]6K5]E
M%.Q"5SI?A3!IVB^/Y].URV:+5XR8K9G/RH_(88]2.A_Q%8XERE3O'8:,&'2=
M0USXIZAI^EWGV.[DO+DI-O9=N"Y/*\] 16KDH44Y+2R%U#Q]X8UOPU/8IK6K
M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>img2m315oqtpsh04331373.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img2m315oqtpsh04331373.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !L K(# 2(  A$! Q$!_\0
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M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** '1IYDJ)N5=S ;F.
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M/R_F"*Z_QUX2LO#OAK07MD#7DV4N9!U9SDX_#@?A6UI7]FZQI%GXTO&03:1
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M([?2BO5/:"BBB@ HHHH **** "BBB@ HHHH 569&#*2&!R".U:?_  DFN_\
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MJ57_ )^K[F>#_J]/_GXON/9Z*\8_M+4/^@A=?]_F_P :/[2U#_H(77_?YO\
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M .0C;_[W]#2_;W_YY1?]\"E&H2JP98X@PZ$(.*F?M)1:MOYBESN+5OQ*\O\
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7 ._4-*G\"]$*'PKT"BBBJ+"BBB@#_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>img2pvguhnc03e04331376.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img2pvguhnc03e04331376.jpg
M_]C_X  02D9)1@ !  $ 8 !@  #__@ ?3$5!1"!496-H;F]L;V=I97,@26YC
M+B!6,2XP,0#_VP"$  @&!@<&!0@'!P<*"0@*#18.#0P,#1L3%! 6(!PB(1\<
M'QXC*#,K(R8P)AX?+#TM,#4V.3HY(BL_0SXX0S,X.3<!"0H*#0L-&@X.&C<D
M'R0W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W
M-S<W-S<W-__$ :(   $% 0$! 0$!           ! @,$!08'" D*"P$  P$!
M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>img355wuhmj30g04331376.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img355wuhmj30g04331376.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" "_ S(# 2(  A$! Q$!_\0
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M'?\ VNC_ (7J?^A='_@=_P#:Z\>HH_L_#]OQ8?7*W<]A_P"%ZG_H71_X'?\
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M_P# [_[77CU%']GX?M^+#ZY6[GL/_"]3_P!"Z/\ P._^UT?\+U/_ $+H_P#
M[_[77CU%']GX?M^+#ZY6[GL/_"]3_P!"Z/\ P._^UT?\+U/_ $+H_P# [_[7
M7CU%']GX?M^+#ZY6[GL/_"]3_P!"Z/\ P._^UT?\+U/_ $+H_P# [_[77CU%
M']GX?M^+#ZY6[GL/_"]3_P!"Z/\ P._^UT?\+U/_ $+H_P# [_[77CU%']GX
M?M^+#ZY6[GL/_"]3_P!"Z/\ P._^UT?\+U/_ $+H_P# [_[77CU%']GX?M^+
M#ZY6[GL/_"]3_P!"Z/\ P._^UT?\+U/_ $+H_P# [_[77CU%']GX?M^+#ZY6
M[GL/_"]3_P!"Z/\ P._^UT?\+U/_ $+H_P# [_[77CU%']GX?M^+#ZY6[GL/
M_"]3_P!"Z/\ P._^UT?\+U/_ $+H_P# [_[77CU%']GX?M^+#ZY6[GL/_"]3
M_P!"Z/\ P._^UT?\+U/_ $+H_P# [_[77CU%']GX?M^+#ZY6[GL/_"]3_P!"
MZ/\ P._^UT?\+U/_ $+H_P# [_[77CU%']GX?M^+#ZY6[GL/_"]3_P!"Z/\
MP._^UT?\+U/_ $+H_P# [_[77CU%']GX?M^+#ZY6[GL/_"]3_P!"Z/\ P._^
MUT?\+U/_ $+H_P# [_[77CU%']GX?M^+#ZY6[GL/_"]3_P!"Z/\ P._^UT?\
M+U/_ $+H_P# [_[77CU%']GX?M^+#ZY6[GL/_"]3_P!"Z/\ P._^UT?\+U/_
M $+H_P# [_[77CU%']GX?M^+#ZY6[GL/_"]3_P!"Z/\ P._^UT?\+U/_ $+H
M_P# [_[77CU%']GX?M^+#ZY6[GL/_"]3_P!"Z/\ P._^UT?\+U/_ $+H_P#
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MU&I^%#9VMY)#F1HKA8XE\P$E2.F!SG)Z?I61<:#J5J%\RVW;W$8$;!B&/0$
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M !CU]JGV]/6[LN_3[R_JM72RNWT6_P!QE4O2M2V\.ZI=JYBMQ\DAB97D52'
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MK=F([$AEP?U-<A76_#O_ )&*;_KV;_T):Y,?_N\O0]'*O]\AZGJ5%%%?*GZ
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M2]\87%R$:"W,,@E61B92P8@Y Q@8&?K4&K^)I-5M&@$#0!W#2?OBP;'. ,#
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M_OVU'VSP3_SP'_?MJX&BCV]7^9_>P^J8?^1?<COOMG@G_G@/^_;4?;/!/_/
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M1WWVSP3_ ,\!_P!^VH^V>"?^> _[]M7 T4>WJ_S/[V'U3#_R+[D=]]L\$_\
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M>_8?M'_$O%R(-H_X^2I?=W^[QBNV^$/_ "-EW_UXM_Z&E 'M-%%% '#>,/\
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MY['K4<NJVLKWS+<7,9N%5%^3.   <C.,G&,^E,_X1+6/[MG_ -_F_P#B:/\
MA$]8_P"G/_O\W_Q%$J6*;^$=I=C%HK:_X1/6?2S_ ._S?_$4?\(GK/I9_P#?
MYO\ XBN?ZC7_ )?Q)Y)=C%I5^^OUJ:\L;K3K@07<0C9EW*RME6'?!]O3WJ%
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M]8W7R'[W8F_M>U%UD33QK'=/)^Y&5F4G^+D?UXK"G<27$CC.&=F&?0G-:_\
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M_A$]9]+/_O\ -_\ $4E2Q:7P_D/ED4-4N4O-2FN(MVQR,;A@\*!S^55*VO\
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M'4]/0=JNR>(9I1&6C8.&5FQ*=K;2#C;CC./>JEI>B'65O77"M*S,!S@-G/\
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M2@H\B6@625CD]0\)V<.FW4JS3'9"[#)'8$^E=1$H6%%'0* /RJOJW_('OO\
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M*IEN)&P@.?.W9!&>V[\:LS:/#-<33"?:TMU#<G"CK&% &>^=O7WJY_9&F_\
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MXTO3E((L+4$<@B%?\*NT %%%% %:_B:XTZZ@3[\D+JOU((%-L[N*YM4>-QT
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8@ HHHH **** "BBB@ HHHH **** /__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>img3cjm12plynd04331376.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img3cjm12plynd04331376.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>img3glgr22w0nx04331374.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img3glgr22w0nx04331374.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>img4iraa4zdles04331391.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img4iraa4zdles04331391.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>img4xilg5x5jp404331392.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img4xilg5x5jp404331392.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
<FILENAME>img513m4t4tcew04331391.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img513m4t4tcew04331391.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>15
<FILENAME>img5thaktpwilv04331376.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img5thaktpwilv04331376.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>16
<FILENAME>img5xi0qgzcmek04331378.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 img5xi0qgzcmek04331378.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  O NL# 2(  A$! Q$!_\0
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MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#W^BBD)P*
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M KQOQ).UY+XFE0!Y+F\MM/@SQN^?+#Z8%4"#:Z%XEMHH1:W$CP6:643Y3<S
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1)&&.3L7&30[=!DU%%%(#_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>17
<FILENAME>imgabgap5s5skl04331392.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgabgap5s5skl04331392.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>18
<FILENAME>imgacmuym2dk0b04331374.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgacmuym2dk0b04331374.jpg
M_]C_X  02D9)1@ !  $ 8 !@  #__@ ?3$5!1"!496-H;F]L;V=I97,@26YC
M+B!6,2XP,0#_VP"$  @&!@<&!0@'!P<*"0@*#18.#0P,#1L3%! 6(!PB(1\<
M'QXC*#,K(R8P)AX?+#TM,#4V.3HY(BL_0SXX0S,X.3<!"0H*#0L-&@X.&C<D
M'R0W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W-S<W
M-S<W-S<W-__$ :(   $% 0$! 0$!           ! @,$!08'" D*"P$  P$!
M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I
M*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1  (! @0$ P0'!00$  $"=P ! @,1
M! 4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H
M*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&
MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76
MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_  !$( #$ <0,!$0 "$0$#$0'_V@ ,
M P$  A$#$0 _ /?Z "@ H * "@ H * "@ H * *FHM?+9L-.2)K@\*96PJ^_
MO6E/DYO?V,ZO/R_N]SAKOPIXIOI"]S?1R$]C,<#Z#&!7IPQ6'@K17X'CSP>*
MF[RE^)IZ1X7%A"IN=9EBN@V2()@%'MR.:\G&N->KSIM61UX?"^SC[TM?(ZN&
M:+:D?VA97QC.1EORJ$UM<[TUM<FJB@H * "@ H * "@ H * "@ H \UNM5\9
M&[F,,-ZL6\[ +7@#/'\->S&EA>57:^__ ()X,ZV,YG9.WI_P"(:GXV)QY=]_
MX"?_ &-/V>$\OO\ ^"3[7&^?W?\  +J^!]4N%$\UU")9!O<,3G<>3GCKFOEL
M5A95:TIIJU]/3H=<<'4:NWJ2P^!]3MYTFBO8%DC8,I&[@C\*PC@JD7=-%K"3
MB[IG;_Z3Z1?F:]3WCT/>)JHH* "@ H * "@ H * "@ H X6_\>W5AJ%Q:/IJ
M;H7*9,AYP>O2O4A@8SBI*6YX]3,94YN+CL56^(5[<#R(-/199/E0AR2">!QB
MJ^HPC[S>Q']I3E[L8ZC=GC#UO/\ OJOD7]:;ZFUL3YBA/&!(&;S_ +ZHMBO,
M=L3YG4?V/J7_ $%IO^^J[O8U/YCL]E/^8W:ZCH"@ H * "@ H * "@!&944L
MQ"J.I)QB@!L4L<R;XI%=?53D46L!!/IUC.YEFLH)9#U9HU)/XFKC4G%63,Y4
MH2=W%,Y;5=>T_2&"6>CK!?!OE,ML% '<Y'7\*TK^TIT)57*Z7F<%2O3INT(6
MEZ%.#QIK5U*(H+*WDD/15C<G_P!"KPHXRM)V20+%59.R2.PTI]4DMV?5(X(I
M"?E2+/ ]SD_I7HTG4:O4L=U-U&O?+]:FI\V_";_DIUE_USE_]%FO7Q/\)D+<
MZ'X]_P#(2T7_ *Y2?S6L<%LQL7XT_P#(!\)_]<I/_08Z,)\4@9ZOHD/VCP7I
MT&[;YEA&F<9QF,"N*;M-OS*/ ?'OPX_X0BQL[G^U?MOVB0IM^S^7MP,Y^\<U
MZ=&O[5M6L0U8[KX;_#+^S[K1/%G]K^9N@\[[-]GQCS(R,;MW;=Z=JYJ^(NG3
ML-(\Y\%>$(O&?B*]L);XV:Q1-,'"!LX<#&,CUKKK5?9132$E<Z3PIJ&J>"OB
M<GAB+5/M^GR3K"X!RAW $,!D[2,\X]"*RJ1C5I<]K,:T8SQ#?:K\1/B:_AG[
M<UOI\=S)"B+]U1'G<Y'\1.TXSZT0C&C2Y[:ANRKXATK5/A'XCLI])U5Y8[A"
M^&7:'P<%77.".1S[^V:JG*.)BU)!L?0]K.MU:0W"C"RH' ^HS7E-6=BA[(KC
M:ZAAZ$9I6N%K@D:1C"(JCT Q222V$DEL.IC"@#YFC%_\+_B%!<WEH9A"N0,[
M1*C)@[3[9_,5[&F(IV1&Q%\0_&,GC2\LKU=/>TM(4:*+>V[>V06YP/5>/\:*
M%+V2:OJ#=SKOC3_R ?"?_7*3_P!!CK#"?%(;'Z9\<+;3])L[(Z%*YMX4B+"X
M SM4#/W?:B6#;;=PN7/CA,+GPSH4X7:))2^/3* U.#5IR0,]$\$_\B+H/_7C
M#_Z *Y:W\27J4CYU\(^#Y/&FNW]A%>+:R0Q/,K,FX,0P&.HQ][KS]*]6K5]E
M%.Q"5SI?A3!IVB^/Y].URV:+5XR8K9G/RH_(88]2.A_Q%8XERE3O'8:,&'2=
M0USXIZAI^EWGV.[DO+DI-O9=N"Y/*\] 16KDH44Y+2R%U#Q]X8UOPU/8IK6K
M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>19
<FILENAME>imgafmusarrfzy04331378.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgafmusarrfzy04331378.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>20
<FILENAME>imgcxnixjbm30k04331374.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgcxnixjbm30k04331374.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>21
<FILENAME>imgczf2ayxqcn304331405.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgczf2ayxqcn304331405.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" ,U FP# 2(  A$! Q$!_\0
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MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#RVBBBOH"
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHK4TW0+W4E\Q%$<.?\ 62< _3UHLV3.<8*\
MG8RZ*Z]?!<6WY[YMW^S'Q_.LF_T**VC,EMJMG=*!DJ) K_EWJ*DXTVE+J94\
M33J.T68U%%%6;A1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 444^*-YI4
MBC0O([!54#DD]!0 RBM_5O!7B/0X)I]2TN6WAA"EY692OS'  (.&/L,D=ZP*
MF,E+8844450@HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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M87L/BCQGH>K:,("B6L-R+F4DD#&,;BN,C'(^@S5XAM6L_P#@BCN>'5[#X?\
MA[H5UX/MK:^MR?$>HV4UW:OYKC8HQL&,X_B4]/7TKC++PQHUY9Z7J#^(;*#[
M9>^5-8O(JO;1;FRS,3Z+W '(YKT#4_B)X:M/B!9B+2TN19;+6+4XK]A''&PP
MV$ VL!N//M2K3E)*,-PV=^QXDRE&*L"&!P0>U)7HGB7PWH6H>)O$E[;^)],@
M@1/M=NBR+)]H9@2R AN#N!X&3\PXKSNMZ<U-#:L%%%%:$A1110 4444 %%%%
M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
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M+B9DE34@F%7 ._Y!TZY[\=*W&\(>!H=?7PQ+K.KG5V/DFZ6*,6RS'HI7[W7
MQG\?2'6BMT!YI17I?AWX96TWBO6=%U^XN(UL(1*DMLRJ'4GAOF!XQ^594_@*
M2/XGKX50S?9VF#+*<;O(QN+9QC(&1TZBA5X-V7:X/0XFBO3]>^'>B:=XP\.:
M5:7=])::IDR2.Z%@.VWY0._<&LSXB^!+;PG/82:5)=7%I=;XRTQ5F$JG!&5
M'/I[&E&O"32[A8X.BO3_ !7\-=,\.>!O[4%U>/JD1B2>-G4QJ[ %@!MSWXYJ
MEXA\)^%_"]WHK:A-K$EG?69FE^SM$9!)\N,9 &WD^]"KPEL!Y[17J&N^$_ 6
M@:/I.I7,WB1XM4A,L"QM 6484_-D#'WATS3?#OA/P)XBTK4[V";Q&@TR 37
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M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M !1110 4444 %%%% !1110 4444 %%=7_P (6?\ G_'_ 'Z_^O1_PA9_Y_Q_
MWZ_^O5<C.7Z]0[G*45U?_"%G_G_'_?K_ .O1_P (6?\ G_'_ 'Z_^O1R,/KU
M#N<I175_\(6?^?\ '_?K_P"O1_PA9_Y_Q_WZ_P#KT<C#Z]0[G*45U?\ PA9_
MY_Q_WZ_^O1_PA9_Y_P ?]^O_ *]'(P^O4.YRE%=7_P (6?\ G_'_ 'Z_^O1_
MPA9_Y_Q_WZ_^O1R,/KU#N<I175_\(6?^?\?]^O\ Z]'_  A9_P"?\?\ ?K_Z
M]'(P^O4.YRE%=7_PA9_Y_P ?]^O_ *]'_"%G_G_'_?K_ .O1R,/KU#N<I175
M_P#"%G_G_'_?K_Z]'_"%G_G_ !_WZ_\ KT<C#Z]0[G*45U?_  A9_P"?\?\
M?K_Z]'_"%G_G_'_?K_Z]'(P^O4.YRE%=7_PA9_Y_Q_WZ_P#KT?\ "%G_ )_Q
M_P!^O_KT<C#Z]0[G*45U?_"%G_G_ !_WZ_\ KT?\(6?^?\?]^O\ Z]'(P^O4
M.YRE%=7_ ,(6?^?\?]^O_KT?\(6?^?\ '_?K_P"O1R,/KU#N<I175_\ "%G_
M )_Q_P!^O_KT?\(6?^?\?]^O_KT<C#Z]0[G*45U?_"%G_G_'_?K_ .O1_P (
M6?\ G_'_ 'Z_^O1R,/KU#N<I175_\(6?^?\ '_?K_P"O1_PA9_Y_Q_WZ_P#K
MT<C#Z]0[G*45U?\ PA9_Y_Q_WZ_^O1_PA9_Y_P ?]^O_ *]'(P^O4.YRE%=7
M_P (6?\ G_'_ 'Z_^O1_PA9_Y_Q_WZ_^O1R,/KU#N<I175_\(6?^?\?]^O\
MZ]'_  A9_P"?\?\ ?K_Z]'(P^O4.YRE%=7_PA9_Y_P ?]^O_ *]'_"%G_G_'
M_?K_ .O1R,/KU#N<I175_P#"%G_G_'_?K_Z]'_"%G_G_ !_WZ_\ KT<C#Z]0
M[G*45U?_  A9_P"?\?\ ?K_Z]'_"%G_G_'_?K_Z]'(P^O4.YRE%=7_PA9_Y_
MQ_WZ_P#KT?\ "%G_ )_Q_P!^O_KT<C#Z]0[G*45U?_"%G_G_ !_WZ_\ KT?\
M(6?^?\?]^O\ Z]'(P^O4.YRE%=7_ ,(6?^?\?]^O_KT?\(6?^?\ '_?K_P"O
M1R,/KU#N<I175_\ "%G_ )_Q_P!^O_KT?\(6?^?\?]^O_KT<C#Z]0[G*45U?
M_"%G_G_'_?K_ .O1_P (6?\ G_'_ 'Z_^O1R,/KU#N<I175_\(6?^?\ '_?K
M_P"O1_PA9_Y_Q_WZ_P#KT<C#Z]0[G*45U?\ PA9_Y_Q_WZ_^O1_PA9_Y_P ?
M]^O_ *]'(P^O4.YRE%=I9>%;2QN5N+ZZCDA3JLB[5/U.:UOLWAC^[IO_ 'V/
M\:\_%XU8::BXM^@+%P?PZGFM%>E?9O#']W3?^^Q_C1]F\,?W=-_[['^-<G]L
M+_GW(/K2_E9YK17I7V;PQ_=TW_OL?XT?9O#']W3?^^Q_C1_;"_Y]R#ZTOY6>
M:T5Z5]F\,?W=-_[['^-'V;PQ_=TW_OL?XT?VPO\ GW(/K2_E9YK17I7V;PQ_
M=TW_ +['^-'V;PQ_=TW_ +['^-']L+_GW(/K2_E9YK17I7V;PQ_=TW_OL?XT
M?9O#']W3?^^Q_C1_;"_Y]R#ZTOY6>:T5Z5]F\,?W=-_[['^-'V;PQ_=TW_OL
M?XT?VPO^?<@^M+^5GFM%>E?9O#']W3?^^Q_C1]F\,?W=-_[['^-']L+_ )]R
M#ZTOY6>:T5Z5]F\,?W=-_P"^Q_C1]F\,?W=-_P"^Q_C1_;"_Y]R#ZTOY6>:T
M5Z5]F\,?W=-_[['^-'V;PQ_=TW_OL?XT?VPO^?<@^M+^5GFM%>E?9O#']W3?
M^^Q_C1]F\,?W=-_[['^-']L+_GW(/K2_E9Q?_"2:O_S^'_OVO^%'_"2:O_S^
M'_OVO^%9-%>US,U]A2_E1K?\))J__/X?^_:_X4?\))J__/X?^_:_X5DT4<S#
MV%+^5&M_PDFK_P#/X?\ OVO^%'_"2:O_ ,_A_P"_:_X5DT4<S#V%+^5&M_PD
MFK_\_A_[]K_A1_PDFK_\_A_[]K_A6311S,/84OY4:W_"2:O_ ,_A_P"_:_X4
M?\))J_\ S^'_ +]K_A6311S,/84OY4:W_"2:O_S^'_OVO^%'_"2:O_S^'_OV
MO^%9-%',P]A2_E1K?\))J_\ S^'_ +]K_A1_PDFK_P#/X?\ OVO^%9-%',P]
MA2_E1K?\))J__/X?^_:_X4?\))J__/X?^_:_X5DT4<S#V%+^5&M_PDFK_P#/
MX?\ OVO^%'_"2:O_ ,_A_P"_:_X5DT4<S#V%+^5&M_PDFK_\_A_[]K_A1_PD
MFK_\_A_[]K_A6311S,/84OY4:W_"2:O_ ,_A_P"_:_X4?\))J_\ S^'_ +]K
M_A6311S,/84OY4:W_"2:O_S^'_OVO^%'_"2:O_S^'_OVO^%9-%',P]A2_E1K
M?\))J_\ S^'_ +]K_A1_PDFK_P#/X?\ OVO^%9-%',P]A2_E1K?\))J__/X?
M^_:_X4?\))J__/X?^_:_X5DT4<S#V%+^5&M_PDFK_P#/X?\ OVO^%'_"2:O_
M ,_A_P"_:_X5DT4<S#V%+^5&M_PDFK_\_A_[]K_A1_PDFK_\_A_[]K_A6311
MS,/84OY4:W_"2:O_ ,_A_P"_:_X4?\))J_\ S^'_ +]K_A6311S,/84OY4:W
M_"2:O_S^'_OVO^%'_"2:O_S^'_OVO^%9-%',P]A2_E1K?\))J_\ S^'_ +]K
M_A1_PDFK_P#/X?\ OVO^%9-%',P]A2_E1K?\))J__/X?^_:_X4?\))J__/X?
M^_:_X5DT4<S#V%+^5&M_PDFK_P#/X?\ OVO^%'_"2:O_ ,_A_P"_:_X5DT4<
MS#V%+^5&M_PDFK_\_A_[]K_A1_PDFK_\_A_[]K_A6311S,/84OY4:W_"2:O_
M ,_A_P"_:_X4?\))J_\ S^'_ +]K_A6311S,/84OY4:W_"2:O_S^'_OVO^%'
M_"2:O_S^'_OVO^%9-%',P]A2_E1K?\))J_\ S^'_ +]K_A1_PDFK_P#/X?\
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M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111
M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44
%44 ?_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>22
<FILENAME>imgdamxefqdur104331374.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgdamxefqdur104331374.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>23
<FILENAME>imgdb4wz531l1504331392.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgdb4wz531l1504331392.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>24
<FILENAME>imgdulekerousg04331379.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgdulekerousg04331379.jpg
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M0QV3F/K&;AYN@6&PN@ XQSPO6S3@;](I)LJ?H(28V]O=Q^()A]UM4@F_KXO
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M#B_1.7\GKJ@H)\W#]N!7$S9ZU9*Z&WTWC9NYR< D.BF]*,[;9,."_0'5\D.
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MFU>Z)AQ-UQIAZAKUGO;:S1[=RBL+8%04K"X(=,/?!H,9X$G4520LG]+SK9(
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MI!:#_;'@U%U X8.H.^!X*;C5+$L'8(I!+QD<C40[O^4%;G0"KV1T>TL>""D
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M63EE5Q3'VL:U*)RMIJ8,65U4"7U-WVXE!ZAIIF:O&?WM2)ZCL>. /UZ]4"W
MZAHN:#QT_E86 80WH7D94%0D#O@I$JFKD0XLB] I7[>':\JM%"*_.0R@TOZ@
M.-EFQ>W-P=>=DUMHZ $VJ<SMX/H#_MWRAQ"/[#_ 'VY48X:LKGXIUYQEK^0
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M\ML93W<!!6:AMVMR*PN _J;,U-M190SY=AG=%5$7SNRY&,OBXZLT#(GV*,/
M"JY ?N])&7YUL21L/::5DC!4)_.3=XWZ4-D!ZIC_?JRG:QK+8N.NPI$ 5M>P
M0 @_\8MY>!6B(-'ML(9C$)'Y-#_L>B-.'72Y2P& 4>#G[F"=T"W?CNC*<+*Z
M:)M411%+<*?'D*BT_EHO^:D7_1E^=4':180=M).O$"<H:4,5,NW\X5'O*VM
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MZHVNKMYY>"[&\ +5TM/+5@Q42VT]N;J6I)B2LLX[6?<4DY;9%!U7%1Q1IIC
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4JV_O;D%"88      245.1*Y"8((!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>25
<FILENAME>imgeq54ewrkosw04331378.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgeq54ewrkosw04331378.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>26
<FILENAME>imgf324rjb2znm04331378.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgf324rjb2znm04331378.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>27
<FILENAME>imgfjzwd1yir0u04331377.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgfjzwd1yir0u04331377.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !N K(# 2(  A$! Q$!_\0
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MG_09U'_P*?\ QK,HHY(]@NS3_P"$BUS_ *#.H_\ @4_^-'_"1:Y_T&=1_P#
MI_\ &LRBCDCV"[-/_A(M<_Z#.H_^!3_XT?\ "1:Y_P!!G4?_  *?_&LRBCDC
MV"[-/_A(M<_Z#.H_^!3_ .-'_"1:Y_T&=1_\"G_QK,HHY(]@NS3_ .$BUS_H
M,ZC_ .!3_P"-'_"1:Y_T&=1_\"G_ ,:S**.2/8+LT_\ A(M<_P"@SJ/_ (%/
M_C1_PD6N?]!G4?\ P*?_ !K,HHY(]@NS3_X2+7/^@SJ/_@4_^-'_  D6N?\
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M_P#A(M<_Z#.H_P#@4_\ C1_PD6N?]!G4?_ I_P#&LRBCDCV"[-/_ (2+7/\
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MU^S?^AFLRM/Q'_R,^K?]?LW_ *&:S*^BA\*.1[A1115 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !11
M10 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M !1110 4444 %%%% !1110!]!>'?^18TG_KSA_\ 0!11X=_Y%C2?^O.'_P!
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MO:9J]YI$DCV<BHT@ ;*@\5PYGAIXK"3HPW??U.3'4)5\/*G#=_YGL5%>7_\
M"::Y_P _$?\ WZ%'_"::Y_S\1_\ ?H5\9_JMC>\?O?\ D?-?V#BNZ^]_Y'J%
M%>7_ /"::Y_S\1_]^A1_PFFN?\_$?_?H4?ZK8WO'[W_D']@XKNOO?^0GC/\
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*BOG)_$SJ6Q__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>28
<FILENAME>imgfn3nw2ve4j004331380.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgfn3nw2ve4j004331380.jpg
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M01#$=# T"((@B.GX,30(@B (HHM_A\;K!0  ">8$
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MH0$ Z.G(8&@  'HZ,A@: (">CHSCAL8[_A[_$>\Y<\;1W^U._\U#_"QW^FP
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MU_,_=&0P-+!==C-Q@^'3<$W_0T<&0P/[R WE _@T7-?_T)'!T   ]'1D,#0
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M9# T   ]'1D,#0! 3T<&0P, T-.1P=   /1T9# T   ]'1D,#0! 3T<&0P,
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MA@8 H*<C@Z$! .CIR&!H +B6/GKP5/K[" "7T$</GDI_'P'@$OKHP5/I[R,
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M__M7  !*.C(8&@" GHX,A@8 H*<C@Z$! .CIR&!H  !Z.C(8&@" GHX,A@8
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..Y1,     245.1*Y"8((!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>29
<FILENAME>imgfvtutevwtdn04331380.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgfvtutevwtdn04331380.jpg
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MP<+ 8%C PL!@6,#"P&!8P,+ 8%C PL!@6+ )@_YY X-Y[9F9F<'"P& <P<+
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M7B -Z4%>AZHUL(%-:/+V\7(;^X$PMHA[+1_AF5[Q5B@,T;Y:6Y ELRQLN<)
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M1GCXIDT;8*5&2#,"N#%4O4XH#OC[;>(A4PI4<Z4!O" Y%4)!*_?W\-C$ _:
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MF-#]<E20H,\W[[RU,GERIVK7\37W^8[]0^S0<^J9S;WB78&%.EOFS)C:,WE
MQ#_VU0K3*YA?C$GCDW&H'N*K _QOF1/NF?1[O_!'PMA4]Y ^$ZQ #]L=WG2<
M"C+B<+A97Q2TT^)IN>XP&WI5,DE:6,@>:G)*XX.KH8+H@0FK _W*^WR#IL5
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M@^"*]6!=*O@ +'MZ!33 ^6!'SV=(C? H>A^P4T?S"2^TZ.GI5=A@-^^;BZ?
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MJ87K4JEB=E9U-OO&P(2^)$:JF0,R$7.%@[,F>4:10O^W68!1&R,$AA/K"2V
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-;P    !)14Y$KD)@@@$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>30
<FILENAME>imgfxjl4xznxk304331376.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgfxjl4xznxk304331376.jpg
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MO%1]A(9@=@([:$#805%18'0TQ@Z&I_H(LCY3_ZC+-7>("(0#/H2QA&VMQX\
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MQF&H8T8)OX2CP^DQ )"^09YJ(^YP:R&+L;2TQ,A$P$!K(*?3>A0!E!,%0WB
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=-21;;SC<O?M_T;<R!L+UWO<     245.1*Y"8((!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>31
<FILENAME>imggbk0e3ybaxm04331378.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imggbk0e3ybaxm04331378.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>32
<FILENAME>imggbr0chv4i0104331380.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imggbr0chv4i0104331380.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I
M*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1  (! @0$ P0'!00$  $"=P ! @,1
M! 4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H
M*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&
MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76
MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_  !$( #$ <0,!$0 "$0$#$0'_V@ ,
M P$  A$#$0 _ /?Z "@ H * "@ H * "@ H * *FHM?+9L-.2)K@\*96PJ^_
MO6E/DYO?V,ZO/R_N]SAKOPIXIOI"]S?1R$]C,<#Z#&!7IPQ6'@K17X'CSP>*
MF[RE^)IZ1X7%A"IN=9EBN@V2()@%'MR.:\G&N->KSIM61UX?"^SC[TM?(ZN&
M:+:D?VA97QC.1EORJ$UM<[TUM<FJB@H * "@ H * "@ H * "@ H \UNM5\9
M&[F,,-ZL6\[ +7@#/'\->S&EA>57:^__ ()X,ZV,YG9.WI_P"(:GXV)QY=]_
MX"?_ &-/V>$\OO\ ^"3[7&^?W?\  +J^!]4N%$\UU")9!O<,3G<>3GCKFOEL
M5A95:TIIJU]/3H=<<'4:NWJ2P^!]3MYTFBO8%DC8,I&[@C\*PC@JD7=-%K"3
MB[IG;_Z3Z1?F:]3WCT/>)JHH* "@ H * "@ H * "@ H X6_\>W5AJ%Q:/IJ
M;H7*9,AYP>O2O4A@8SBI*6YX]3,94YN+CL56^(5[<#R(-/199/E0AR2">!QB
MJ^HPC[S>Q']I3E[L8ZC=GC#UO/\ OJOD7]:;ZFUL3YBA/&!(&;S_ +ZHMBO,
M=L3YG4?V/J7_ $%IO^^J[O8U/YCL]E/^8W:ZCH"@ H * "@ H * "@!&944L
MQ"J.I)QB@!L4L<R;XI%=?53D46L!!/IUC.YEFLH)9#U9HU)/XFKC4G%63,Y4
MH2=W%,Y;5=>T_2&"6>CK!?!OE,ML% '<Y'7\*TK^TIT)57*Z7F<%2O3INT(6
MEZ%.#QIK5U*(H+*WDD/15C<G_P!"KPHXRM)V20+%59.R2.PTI]4DMV?5(X(I
M"?E2+/ ]SD_I7HTG4:O4L=U-U&O?+]:FI\V_";_DIUE_USE_]%FO7Q/\)D+<
MZ'X]_P#(2T7_ *Y2?S6L<%LQL7XT_P#(!\)_]<I/_08Z,)\4@9ZOHD/VCP7I
MT&[;YEA&F<9QF,"N*;M-OS*/ ?'OPX_X0BQL[G^U?MOVB0IM^S^7MP,Y^\<U
MZ=&O[5M6L0U8[KX;_#+^S[K1/%G]K^9N@\[[-]GQCS(R,;MW;=Z=JYJ^(NG3
ML-(\Y\%>$(O&?B*]L);XV:Q1-,'"!LX<#&,CUKKK5?9132$E<Z3PIJ&J>"OB
M<GAB+5/M^GR3K"X!RAW $,!D[2,\X]"*RJ1C5I<]K,:T8SQ#?:K\1/B:_AG[
M<UOI\=S)"B+]U1'G<Y'\1.TXSZT0C&C2Y[:ANRKXATK5/A'XCLI])U5Y8[A"
M^&7:'P<%77.".1S[^V:JG*.)BU)!L?0]K.MU:0W"C"RH' ^HS7E-6=BA[(KC
M:ZAAZ$9I6N%K@D:1C"(JCT Q222V$DEL.IC"@#YFC%_\+_B%!<WEH9A"N0,[
M1*C)@[3[9_,5[&F(IV1&Q%\0_&,GC2\LKU=/>TM(4:*+>V[>V06YP/5>/\:*
M%+V2:OJ#=SKOC3_R ?"?_7*3_P!!CK#"?%(;'Z9\<+;3])L[(Z%*YMX4B+"X
M SM4#/W?:B6#;;=PN7/CA,+GPSH4X7:))2^/3* U.#5IR0,]$\$_\B+H/_7C
M#_Z *Y:W\27J4CYU\(^#Y/&FNW]A%>+:R0Q/,K,FX,0P&.HQ][KS]*]6K5]E
M%.Q"5SI?A3!IVB^/Y].URV:+5XR8K9G/RH_(88]2.A_Q%8XERE3O'8:,&'2=
M0USXIZAI^EWGV.[DO+DI-O9=N"Y/*\] 16KDH44Y+2R%U#Q]X8UOPU/8IK6K
M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>33
<FILENAME>imgghuvcqeatyl04331379.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgghuvcqeatyl04331379.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>34
<FILENAME>imggqwpgltujsv04331376.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imggqwpgltujsv04331376.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>35
<FILENAME>imgh2fo0y50d0404331378.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgh2fo0y50d0404331378.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>36
<FILENAME>imghcafgcpncxz04331379.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imghcafgcpncxz04331379.jpg
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MP<+ 8%C PL!@6,#"P&!8P,+ 8%C PL!@6+ )@_YY X-Y[9F9F<'"P& <P<+
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M7B -Z4%>AZHUL(%-:/+V\7(;^X$PMHA[+1_AF5[Q5B@,T;Y:6Y ELRQLN<)
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M1GCXIDT;8*5&2#,"N#%4O4XH#OC[;>(A4PI4<Z4!O" Y%4)!*_?W\-C$ _:
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MF-#]<E20H,\W[[RU,GERIVK7\37W^8[]0^S0<^J9S;WB78&%.EOFS)C:,WE
MQ#_VU0K3*YA?C$GCDW&H'N*K _QOF1/NF?1[O_!'PMA4]Y ^$ZQ #]L=WG2<
M"C+B<+A97Q2TT^)IN>XP&WI5,DE:6,@>:G)*XX.KH8+H@0FK _W*^WR#IL5
M5T-:DG#?SJBR=IL/+9,;E[]1 T&8>L*X_G;.F!#8M% V2XY&[]EY*$NN7=;-
M,##>JI4>%_"",VSNHNJ&DQ&YC=0R%,8*^WPO71B,Q@;8V3IK*PUUB\X^WQ98
MVBKH[8)W:O/Q=SY<W7SV+"P*3H<SIH%=KU@-@])P'E5MVH21)&"84D0)=P6"
M(2!FIXWMB0%>P 9V.M^HS!*ZI12Z>[*^970"#;2I?!.E#J_[Y9G5Q' \K.:;
M-88& )8Z^PF@[>8*7@1.PB!5P1R![9-K?I*[.?H<95XN+ Q48Q39UQA9+FJ,
M)R,+U1@V88S(*^(L'P.*J]D)=(T1O_,6H_XFSJW'&H,TM*CTUH?ZJ:_NX$GI
M+"&WSC3\[S[_][?O!9[H,-HY-Y-V?L\K 0ELX";[F8")<S$ME/O9W%Q?[9%W
M0[/G;4D0=V^T.'L=+IZ?=,/Z26MI@?&!J&@/1$<$/ZK"9D3;^[O;N<(O#B=A
MS)$=X=P]*=641^O=ZKP_;<N=H+8L+ S8QD@+\[6U,;ZQ:V,$P_!$,)W05B7N
MCJ+:&/U7,G<DVMH8HF!?2QO#)@SSU/WTE"T94MH!4%LE"O/C4?':>IISDC*+
MC&!/LUG37O,!;SVV,<C!<*YO13?R:"6TIQ)W5'32@;PHK#6&L;\IE)<$,M-,
M&FL.AP:F#5C*QDO269;(MZ>8*0Q2DR,\:[W$\^&K?WCG[2)&F!BS\<%7J?OI
M(RD.9?8N0QC]5[Z.3:N"A04T*6M2?<-0B$Y2$^6U"75&60'%V'M7*BR'A%8>
MNV77M7M+NZBS, "S[47A7JA;R2>R2 ?[QA"+$ 9D=K8Q/)!R@!=$%MT^GTA;
M>U1X(I3.A;T<MNPSRJ6@D@5X>P>6R/7.IA1DUJB(X5*]4D*Q3FDI"JA7*I'N
ME0+MF^5Z_[^JS.K3 ZG,\RN2#S+S&V 5!L"H09GIZ1E>V+"D;R0[LT[0&R#0
M8K%G X#J%[) '\6 WO"2P->-"HMG8#C=":F59_@Q6A069AO343GT\Y,/+MFX
M9A7&*X=QJ#DR^HA23]4%,.9V\9=95%!*#&8U< ]A@+;*_;:JI.3(S; RWIP8
M)6QLNX\C3F%6#S<1!@5=%4/H% QF=7 K86 P:P46!@;# A8&!L,"%@8&PP(6
M!@;# A8&!L,"%@8&P\++"\/0UWY)<9]>612DO$JTS*$R&,S:X"@,0B[R0"-1
M*+P"^*[\AEV/)'<!&FHUB'^;>UE4I1&>'$X,8Y"HB5 ?0=Z4OE'T1#\ Z Z)
MQDI%%#90*2L',:J(R6#W"204BYI?;[3Q;+9RF:[H,"B'AZN2.5I28KV_QA-!
M<*P4ERO7,$?=+0IG8=AY>,S#DH7AY(B(62(.<W\2N=L^+[L,79GO7L@31)\!
MY02.KOWDZ" :75L='QJ8IE[FZ%J$F="KFRKSX@0[MUM\,!T@E;F<3>&L4^,C
M3+K^+DE^2B1OF\@R\GIYL,QI"N[3T%FTB2YC9$>$]ZX4-+I6(S^X_-&U+,(@
M-2)^AF7(O5::66S0=O/Y_*#W?_<;WW_G\Z5*8%,UUF7P^9G%W=3%S:2AIO(0
M'-:T_U!9^R"HA8I;E.+#P1LVO!7$,*7(L6X1. R0F"O7$IV7*GH-VBI^1EU3
MV7Y^KF9VUOB@\YMVA58J0KN4&6?GS$9#32H\<S4U!IOU6O8. ^L(>V%H<T*%
M9187UR<YFS_-ULS**U)S&_M1$BRMR_?'((V#E:E1 0)A>4W#O7$79<MLK*P7
M!7(XAU@N9A[3M&?P@P6QR=57OK74:LN'11BD0;7[\]]NVH"$,=;BQ1#J"OAC
ML-88>C&7![VTB!)_#\KA?79V=D!6F%UR RRHF]/?VK#!KUAGL9)&([A>:0T#
M8-.T49<8X,OU\P-'S6I@C6$UI?2J4E]NH%SW-[";42/G6J?>XW#>\.'=0#,N
M0L<KOTU^0H5Q=EHCA?.L%24G*'5P3M\D03 *G<)^+>H2ZPX[88R64"^% F[R
M*]&ON =?:;A?8'@]>$GT.AN$6GV^0ZT0<OR=?"?1''Q^0EO96"E8A ']&B4Y
M?JC&6'D//GA&+W_:,6S[]CA1$?J^$X5Q6U+"PWQXE=9O@M644C=_N3NQQG)5
M<T^R=U0%8\H\Z$2"XD?8F5*N)FL%PK!-3PJ>)^!SRRR@T+70]DUJ%:>)%8,N
MK[4^<10&\TFU4CX4QDK[?(,:HR(ETE\@K*AM[-<Y%'N:NS<NJ4>FY@C9%B[/
MSAD3 FN,$]MY@MB4FJM=>F*EJ@P'89CUJO3P72+#(]IER.'[O@(^WZPU!F#X
M:O:__)W?16I>8P1#&,S&QJ,4STV7K!,L([0YWK0P;%,ONYK>V\X_"0@C-J_6
M<DEM#,=V9N2:\TVRJVNM3QR%\?E)I>6C8%;E;X;"6.DH(0BS4:^^4I,;%Q;*
MMWA1,B NYU]"%ITI._3=Q)H^*M4>T,;XMJ8B6?!!<&IU]TIX6-H)@]34^'H&
M-AA(4'QMPEC9*"&NA 'JZ'"!#S!FZ'67PH#5MT/)!(6=%H:M=F.I"I$SNZ,P
MD@NMX8" ,&R;D# Z7%YK?6+?QE#$,$P7.F:%?<BI%8@KQ038O'J%\(13CDLM
M;T6%HB',4_Z #;P"O5(01OF!$QS[H"AG$+#@Z1NLE!4Q>WI6(*X4FS#(P?2@
MT)0FHWE,&N"5WDB''G A#'"&Q!T)>?VHH39C-@U=/<7U]'02QMP525Q*^46J
M-68FC:HS$9M^QUNB,-0NK[4^L1?&G";EDRW7^N&SC]^YR-^2 =IO,,Y01#'(
M59@;U:E> 3;3]^48[>]LMJ>/.0&^V7@N)MMZB1_[:M]_]Z-V1K&?,4W>N=Y*
M'TFA4/VX MU2+!]6B,W[>JS8QS.]#D4B)/0%RX]$"(7A%0 [>1"',HN5+5E>
M@<CE'&!41_-#KZ"@1JZ$ =Y?_Y4S28)=X/"].\./'OFZ(0E9P_;",$_IKT@R
MHH*W@]T.[(M-2BL]G.#HZKV@,%Q>:WWB((RY>]=KDG; 9P^+B[UR&[:Y04%L
MJ\H%N;IU)S_ZR K$KM7W*V3V]#*$0?:*O1BE92OOPW_\^__Q5K8M_\']]'1=
MHX^DD"O71!B@(E'FQ$;LW,H/CA)(SBN6>DU'8=BYR2%0"KT-8+?B&G0H@EJC
M$]%_#.A]+-NI%+1,PUQQV&0%G0!!K:'$]0G]C#:HYP;0ZPB6I-6"OI0]]+;5
MQ<5E["Y/W<Y+W9"S,# 8#!8&!L,&%@8&PP(6!@;# A8&!L,"%@8&PP(6!@;#
M A8&!L,"%@8&P\(*"&-R=$3W([L+R^C( /S]WZ2_H[HSM9S).E<"DUYE-\YG
M49"#+2HT&M2L5[50$P*^?I =$=P4:DI6D_XV&CRE4MOR8G*TO[6YF3E 8\8\
M-713 7:[/J UH?<^(B^(SK .E'8#'(5!:B[R&?.: <:ZQ1GR^<;<,"=G<(!V
M#Q@MX?GSU"OGOO5R.#@P4)A)8WNEF!KJDX@<">D---8!6BLX;9>[ ;WADN!T
MB&/=HF"!N%PJDYY*X@7D6SPE)_4]65M]F8.XVHM24E/.R&2RS*/1N1=ZP 9R
MI#,T6L28$^55QU$8<! A8Z@?@/* H5?86%@8#B-8?B78A $= ,,+._1P0,VT
M42,3^GD$9UC=X@!8&-8" (<P^HEU=.JLG#%AD,/H1H70WS+"CU"CX?"SM@4W
M8:G",.EN=Z)AQ"JM@:1L(Z8PS*1!U0(W=][N)TQ681##=^Z;9J UHGUB'%+#
M2E9Q73MEF^'"3 RJ4!7=J5(3XRYL,Q,QV$D-@E:I?_QQ_,XP>$FFX;X[XS_J
M5"J0VGJ[?YS>%6&MT%L5UW5&DZ,PR,$(KH_(XCMN@:A*VY)9WP.6?KI_N[FY
M((BS*:U*<?_'AU 8K:.&H>O@A*YN7JTG+&<CAE5]?3?!SB@<@=DX"/*E5>'*
M">X5AKR4$)J,/OK=Q1749,$(K6CG_N&?J64[89AD80R?V^=UD7\0R*;GS$_R
M-R?(&(YNKSA+$@8I!U5IQ,GJ6IE,4AB],YJ:5-<J#..#SOA#$842.+BXJ28_
M*CAC+QQ)#O:AIB.#']W__8?05#&L9,\5YV>6MZ%\,FLN9GW 2P)5-#BN,";J
M/=\_9CE606"?KX*CA.5-\.22PIQ]08'_.Z)P=G94^.X_OANZI[ >)%\4)QUD
M6'V$)'E7:@Z\UL6&RK3H]*)DICNX65,9O2GIMG.CP:3KXA_\"A2 '^_=DLE.
M!7(V'9?*[R%AA.P[6G*F$ISPS)'4%'IJ<\;-2RMRDJ,RFRA76\4VS__U[K9$
MF0P(PZRI.<Q+DM36G,L\>8YPF[*!<%&@M54?"&+KZ%FL[84!/D!;Q+V6S\9,
MKW@K*C\L,_J^RK )PY$-?F(H#+#)PT]L_63HE;2#N548T!/_AJ6J!96MOF33
M6]0,LS9AV)S.3/J,1)A1H$T<+$BRS9TW.YL>2$]N;\6RCRU;E:7A;P2F 6&$
M;WHK[>( G4K(N5Q:U:,E_KP3'5:C:-8HYW*8SGVNWQ/T"$M6T)6^G2EENWE@
M&$3EL-Y\43(/16E0"'QX-VA3P\W*A!UVN4$#@X\Q?&.<A<&LF2T?UG4@#/8:
MPUJE6G@^'+E+I)FU"H-9M]+D)/ <A&$STRTYKF[^,B'[&C/#[E052.R%,=)9
MDE9LM\_SX=8_Q&4!820)J(*(8#APY7A[UCU$B19Z4IC.?:"*WY5TFVWJ77(D
M(32MATT8SC<_TED0]'D$-*,L'-V[XY1BQ/+(].YCW?D!/KS\DL;[KB+0O+(X
M"6/R3C5_RQ>5C*E9'81!G \..GS)TG\#BLU'O'.@#&!A,%B<,!P< -=&&#,/
MZ^(\!3+G[ENCND%PN-"BF 6%41%W.!.:=S: W05*OYTP@$5BU*N;BM.W;,[4
MN$\#%.(@#$(NY'U\M@M:$ SL&]_&LV&!AT:H+P Y$A\45C4QNY[;&' 36T@2
M.U/*%M0(UJG.II1SV0+G"1 "HXA.!I2&\UA-*>;G1F4QI5P( U;HC"8@M<DA
M3@(AYGH$2S6V?2"CZ0(?QE,L( QX8\F@J4,G \YF)Z*.:0=A4+BC3<6X9Q0;
M\T0';4XRL!<&]08E\ TVIH<+J"@$Z[I7BI1G\-)2\F5US<VEC='Q64Z-;T5\
M9'AA*;0HFBI$@@#>I[L=&]_.90N<MKLI)5)8V(2..YN<*/QT-W5"!F9@C? $
MPHHJN%-CD:WQ[4H88$62L#,U\\]@?UGMGX\(MB8(G&.Q$9*D?0E99?"D\)[%
MR9&\DW3KF6(!8<#&=U,FN'EX7U452<+(E"8J'"-#&*2N\E01R)6ZRH*= G>K
M,5!@GL"SQCDSV9TOHL.-(2)23EI^\029D"]ESGM/&JI%<6"?E(IJ(_*V=OO?
M,<S&^\U*/;.OAC3TVDK>G$EW2X&<VY76[MI)_<AC2^^JV6A0-L/-"L4MO=&D
MIW[YGC,.]:#N6F6S[<?C&=/]GB$@&N.#3G'=%:-:B;SN%6J=J;4RN_H62TP'
MDUY->>8KE;"[MF?H,4@;ZNN9M/:<FHU*JGL4,6.:TG;)P?[7KLF''H.[43(=
M^2EFS";=0!\Z*WW/] 8:4MVLI'_Y9KMYA!G</'4"I>WW8.J1J>49TJ"%N7)-
M[C+*Y2L,J<SA\,XYVYQ+XLF=JH13[OS+]Z\ _/KZ<,74UQC&TQ:P&"&87Q%K
MM?GR6,T*=^$5$ : ')-+3U 5] D7\;0QF+7DU1 &!O.*@86!P;" A8'!L("%
M@<&P@(6!P;" A8'!L("%@<&P@(6!P;" A8'!L("%@<&P@(6!P;!@$\8,9I7Y
M[__^;SJO$70JYM5C=G;6)HQIS"KSG__YGW1>(^A4S*L'T 86QMJ!A>$N8&&L
M*5@8[@(6QIJ"A>$N8&&L*5@8[@(6QIJ"A>$N8&&L*5@8[@(6QIJ"A>$N8&&L
M*5@8[@(6QIJ"A>$N8&&L*5@8[@(6QIJ"A>$N8&&L*5@8[@(6QIJ"A>$N8&&L
M*5@8[H*=,, *9E7!_ACN@IT_!@:#L8*%@<&P@(6!P;" A8'!L("%@<&P@(6!
MP;#@( R37/2I1XR<7F- J%7G.^QFXT80)?XQ<")4.-$M6I@/R\[SX;0/FD*7
M@^"*]6!=*O@ +'MZ!33 ^6!'SV=(C? H>A^P4T?S"2^TZ.GI5=A@-^^;BZ?
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MJ87K4JEB=E9U-OO&P(2^)$:JF0,R$7.%@[,F>4:10O^W68!1&R,$AA/K"2V
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-;P    !)14Y$KD)@@@$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>37
<FILENAME>imghdihumuj52v04331376.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imghdihumuj52v04331376.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>38
<FILENAME>imghjmmtw53qzv04331378.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imghjmmtw53qzv04331378.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>39
<FILENAME>imghltmuxi1qkg04331378.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imghltmuxi1qkg04331378.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>40
<FILENAME>imghyz0xvm0pki04331378.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imghyz0xvm0pki04331378.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>41
<FILENAME>imgi050oxzgbb204331376.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgi050oxzgbb204331376.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>42
<FILENAME>imgi20svooybte04331391.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgi20svooybte04331391.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" -Z L # 2(  A$! Q$!_\0
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MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#RVBBBOH"
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M **** "BBB@ HHHH **** "BC!]** 33V"BBB@ HHHH **** "BBB@ HHHH
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
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M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
M%%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4
M444 %%%% !1110 5]-ZO#)>?!UX[=#([Z0A55&2V(P>*^9*]D^'OQ8L-,T6#
M1]>$L8MALAN40N"G96 YR.G':N3%0D[2CT&C@_AU;377C_1EAC9REP)'P.BK
MR37IWQX_Y 6D_P#7RW_H-6;KXK>#=*NT.DVJR//*HN)XK;RPJ9^9CD L?:N2
M^*?CG1/%FE6$&ERS/)#.7</$5XVXK&\ZE6,G$?0]&TL_\653_L"O_P"BC7S/
M7N_ACXH^%=-\):;IE[+.98;98I5^SEER!@CWJY_PLSX=_P#/LO\ X #_  HI
MRG3E+W;W \K^%W_)2-'S_??_ -%M7<_'SIH/_;?_ -DKA]#\0:9IWQ1_MURR
M::+N>5=D?(1@VWY?Q%;/Q6\9:/XM&E_V5)*_V;S?,WQE<;MN.OT-:RC)UHRL
M'0F^!G_(XWG_ %XM_P"AI7I'BWX9Z=XOUI-2N[^ZAD6)8MD6W& 2>X/J:\?^
M%_B;3?"WB*YO=4>1(9+4Q*40L=VY3V]@:G\=>-XM1\<6FN>'[J9?L\*!692O
MSAF.,=QR*BI3J2K7CH'0]7\5:OI'P]\#KID!/F-;M!9PDY9SC!8^PSDU4^"@
M'_" GCK=R9_):YSQ1X]\(>,_"*VE^\]MJ 021D0EA#+CID=5/3Z'UJ#X:_$/
MP_X8\*_V?J4TR7'VAY,)$6&#CO\ A6/LI>S:MK<":]^!U]=WUQ='78!YTK2<
MP'N<_P!ZNX^($!@^%VIP2-YC1VR*6QU(9>:\(N_'OB5[V=H-?U 0M(QC'G$8
M7/%>B^*/B;X>UCP%=:5%<W$E]-;HGSPD L"N>?P-7*G5O'FU#0\3HHHKTB0H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
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M'W'_ !3W_;S_ .TJI04JD+]4!M^%_P#DWR?_ +!U]_Z%+2? P ^"KW_L(O\
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M^*"/^&?(!_U#K'_T**DDTXZWU Y;X87VJZ?X>N/['\(OJ=Y)<EC=NR0H(]H
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M4$DN%@VI#LQE6;.=Q_N_K79^'OB)X>?PG:>'O%MC+;1I:1Q_OH&>.:, ;'
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MK*<[3-D8(]PH;/U&>U9JK5Y7+FV \YT_PKK.I^(VT&"S<7Z.5E1^!$!U9CV
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MC?2ZGJEWJ$RHLUU,\[A!A0S,2<>W-5J**V225D(****8!1110 4444 %%%%
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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MX/&.I1062O'IEH3Y6XX,K'JY';V[]?7%93@ZE5*VPSAJ***[R0HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH *
M*** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HH
MHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB
M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
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M1U3T@_[^"C_A$=4](/\ OX*.5A]9I?S&#16]_P (CJGI!_W\%'_"(ZIZ0?\
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M4.S#ZU \VHKTG_A#M(_YX3_]_#1_PAVD?\\)_P#OX:/[:H=F'UJ!YM17I/\
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M*"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
MHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH
M**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ H
5HHH **** "BBB@ HHHH **** /_9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>43
<FILENAME>imgip1pucxgm5z04331379.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgip1pucxgm5z04331379.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" "O FP# 2(  A$! Q$!_\0
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M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
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M !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444
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M %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110
M4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1
M110 4444 %%%% "$@ DG ')-91\3Z$#@ZM9Y'_385?O?^/&X_P"N3?RKXIO7
M<7T^';_6'O[UV83"JO>[M8SJ3<7H?8Q\3: PPVK61'H95I?^$HT+_H+V?_?X
M5\8[W_OM^=&]_P"^WYUV?V6OYC/VLC[._P"$HT+_ *"]G_W^%'_"4:%_T%[/
M_O\ "OC'>_\ ?;\Z-[_WV_.C^RU_,'M9'VW9ZA9ZC&TEG<Q7"*=I:-@P!]*L
MUY/\ R3X0O223_I7?_=%>L5Y=:G[.;AV-H2YE<****S*"BBB@#B/BHN_P@J>
M6\NZ[A'EHV&?YN@/8FN =@5ED:79M86[W-J.+3G M+<#JY^ZSBN_^*H5O!P5
MQ(4-U$&$7WR,_P /OZ5P+,4=I976![9?(>6V&]+&(\"*$?\ +69APQ['O7H8
M?^&8OXV(QV-*S!;0QX@<1?-#8 ]((0.&G?\ OCIDT'$7F$G[-]D0(S'YAI"G
MO_TTN6]1R,FEP8&VA4M9;6/9Y8.^*PA;J$;_ ):W+9XZXR>>*3)B*;,0?8T\
MR#?\PL(C_P M9?\ GI<G/W.<9/I6W]?U_7_!8I/D,3A;,VR;MLGSQ6"M_P M
MY?\ GI._IU!ICIM1XEME+6\1D%G=MD6P/_+S<,>'<]57J,BGJ#"T:PJL4D(,
M]M%<',4*MUN+AN\K#D1\X/I4<B!K<00P&9%5I[:VNFV$G^*XNF['KL3G/'%'
M]?U_7_!70]2^'?\ R(.D\Y_=MS_P-JZ>N8^'?_(@Z3_US;_T-JZ>O,J?&_4T
MA\*"BBBH*"BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BB
MB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
M "BBB@ HHHH **** "BBB@ HHHH **** "BBB@""]_X\;C_KDW\J^)[[_C^G
M_P"NA_G7VQ>_\>-Q_P!<F_E7Q/??\?T__70_SKULKWD85MT04445ZYD%%%%
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MBIXGLF261X;F*-86GC>1 !,B]2O/TZXZBIO[<@32?[1N+>X@CR%6-PK.Y/
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MA_G7K97O(PK;H@HHHKUS(**** /H[X!?\B?>_P#7U_[**]8KR?X!?\B?>_\
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M6%L\/VAY5T];@HD1*JJD,!U!!/ _BXKGO^%^>'?^?*[_ $H_X7YX=_Y\KO\
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MM/\ O\O^-6H+B&ZB$MO*DL9Z,C BBS071+1112&%%%% !1110 4444 %%%%
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M<]?:M"@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** (+W_CQN/\
MKDW\J^)[[_C^G_ZZ'^=?;%[_ ,>-Q_UR;^5?$]]_Q_3_ /70_P Z];*]Y&%;
M=$%%%%>N9!1110!]'? +_D3[W_KZ_P#917K%>3_ +_D3[W_KZ_\ 917K%?-8
MO^-(Z*7PH****YS0**** .(^*B[O""KLC?-W"-DIPC?-T8]AZUP#_OUD)#WP
MN'",K?)+JA7H%Q_J[>/U& 17?_%1#)X05%A29FNX0(G.%?YONGV/2N )$WSJ
M\ETL[>2)8OEENG'6WMA_# O1CW'>O0P_\/\ K^OZ^[%_&P8[VDF9S<F8B![N
M(;6U$_\ /"-1PD _B<?W:1ONR$Y;"BV?R.LP_P"?*U_V!WD'/R]:4D$&8N"K
MG[-]HM?NRN>EI:CM&<?.WL>:0_(&+$QB'_19&M_^79_^?2S]7X^9N>AK88I^
M1VE+[3"@A:ZM1DPCH+.V7^)OX6?KWS37S!'(1+%8-;1E/.0!XK$,/]1 #Q)(
M_P#$>H)-.)$):61UM5M?W4MQ;<I8$\"& ?Q7#=&-,E!MX9%806;6:GS4D^:#
M3 W3;_?N'SGOC-']?U_7_!3/4OAW_P B#I/_ %S;K_OM73US'P[_ .1!TGO^
M[;K_ +[5T]>94^-^II#X4%%%%04%<9\5O^2<:K_NK_Z$*[.N,^*W_).-5_W5
M_P#0A6M'^)'U1,_A9\F4445]0<H4444 %?87@#_D0]'_ .O<?S-?'M?87@#_
M )$/1_\ KW'\S7F9I\$?4TI?$=)1117BG0%%%% ',_$+_D0=8_Z]S7Q_WK[
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MYK%621TOFQ_\]$_[Z%'FQ_\ /1/^^A7-?\*[\*_] I?^_K__ !5'_"N_"O\
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MG_?0H\V/_GHG_?0KFO\ A7?A7_H%+_W]?_XJC_A7?A7_ *!2_P#?U_\ XJN
MU.E\V/\ YZ)_WT*/-C_YZ)_WT*YK_A7?A7_H%+_W]?\ ^*H_X5WX5_Z!2_\
M?U__ (J@"QXSEC/@O6 '4G[))W]J^.F^\?K7UXWPY\)NI5M(1E/!!E<@_K5?
M_A5/@?\ Z%VT_P#'O\:[<+B_8)JU[F<Z?,[GR517UK_PJGP/_P!"[:?^/?XT
M?\*I\#_]"[:?^/?XUU?VHOY?Q)]CYGR517UK_P *I\#_ /0NVG_CW^-'_"J?
M _\ T+MI_P"/?XT?VHOY?Q#V/F4O@](B_#>P#.H.^3J?]JN[\V/_ )Z)_P!]
M"N8C^&_A&% D6C1HHZ*LC@?SIW_"N_"O_0*7_OZ__P 57EU)<\W+N:Q5E8Z7
MS8_^>B?]]"CS8_\ GHG_ 'T*YK_A7?A7_H%+_P!_7_\ BJ/^%=^%?^@4O_?U
M_P#XJH&=+YL?_/1/^^A4-W?06=G/<R."D,;2,%(R0!GBL#_A7?A7_H%+_P!_
M7_\ BJ0_#KPHP(.DH0>"#*_/ZT <N?CMX84D&&[R#@_**3_A>_A?_GC=_P#?
M(KH?^%5>!_\ H7;3_P >_P :/^%4^!_^A=M/_'O\:Z.>A_*_O_X!GRS[G/?\
M+W\+_P#/&[_[Y%'_  O?PO\ \\;O_OD5T/\ PJGP/_T+MI_X]_C1_P *I\#_
M /0NVG_CW^-'/0_E?W_\ .6?<Y[_ (7OX7_YXW?_ 'R*[7PQXKL/%6D_VC9;
MHXMY3$N >*R_^%4^!_\ H7;3_P >_P :FB^&OA"%-D6C11KZ)(X'\ZF<J37N
M1L_4:4D]6=1YL?\ ST3_ +Z%'FQ_\]$_[Z%<U_PKOPK_ - I?^_K_P#Q5'_"
MN_"O_0*7_OZ__P 56)9TOFQ_\]$_[Z%'FQ_\]$_[Z%<U_P *[\*_] I?^_K_
M /Q5'_"N_"O_ $"E_P"_K_\ Q5 &]>2Q_8;C]XG^J;^+VKXJO?\ C^G_ .NA
M_G7UO_PKOPJ1@Z2O_?U__BJK'X5>!R<GP[:?^/?XUUX7%>POI>YG.',SY*HK
MZU_X53X'_P"A=M/_ ![_ !H_X53X'_Z%VT_\>_QKL_M1?R_B3['S/DJBOK7_
M (53X'_Z%VT_\>_QH_X53X'_ .A=M/\ Q[_&C^U%_+^(>Q\SEO@(Z+X/O-S*
M/]*[G_9%>K^;'_ST3_OH5R\7PT\(0+MAT6*-3SA'<#]#3_\ A7?A7_H%+_W]
M?_XJO,K5/:3<^YI&/*K'2^;'_P ]$_[Z%.!!&0<CVKF/^%=^%?\ H%+_ -_7
M_P#BJZ&RLK?3K.*TM8_+@B7:B9)P/QK,HH7U[>/JB:;IYACD\GSY9IE+!%S@
M *",DD'OVI'U"\TV%4OT2ZN99-ENMJI4R\9Y!/RXP>^*L7^E)>3Q7,=Q-:W<
M2E4GAQG:>H((((X[BJ[:")(%\S4+Q[I9/-2Z++N1L8X&-H&.V,4 4E\7Q->B
MQ;3[J*[\WRVCD*C!P#D'.&X(Z<GGTI/#GB.;4+33UO;:9);J-BD[* LK+U
MY''(R.<4K^#X9O.,VI7LIN)5EGW[#O( QCY?EZ?PXK1M=#MK2+38T>4C3PPB
MW$<Y4KSQZ&@"*^UX6DT\<%C<W8MEW7#0@?(,9QR?F..PJI%XO@G+-%87;01Q
MQ2S3$ +&LBAAU/) /(%6[S1([R>Y:#4+FU^T+LN4@9?GXQW!*G'<8IL'AFSM
M]/N+))9S'/%'$Q+#("*%&..N!0!3U?Q-+#8W4UE:7#11/Y7VL*"@?<%/&<D
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M9C(VHO+$U WAJ(1+%;WMU;QF!()EC*_OD48&<@X..,C%7+K3/.A@CM;N>R,
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M.,<^M;U,EBCGC,<L:21MU5UR#^% '(VNN:C=0VD$]S':+-+*AO<(V=@&!QE
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M?2@#.\.7\M_I>Z>5Y)XY#'(651\P]U^4CW%:],BAB@C$<,:1QCHJ* !^ I]
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7 **** "BBB@ HHHH **** "BBB@#_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>44
<FILENAME>imgjbewfqhieqo04331374.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgjbewfqhieqo04331374.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>45
<FILENAME>imgk3bxia0vrsz04331392.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgk3bxia0vrsz04331392.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>46
<FILENAME>imgl1pc0kuytpb04331376.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgl1pc0kuytpb04331376.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>47
<FILENAME>imgld4b1pn4op404331380.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgld4b1pn4op404331380.jpg
MB5!.1PT*&@H    -24A$4@   +L   !F" 8   "3,.";     7-21T( KLX<
MZ0    1G04U!  "QCPO\804    )<$A9<P  #L,   [# <=OJ&0   B9241!
M5'A>[=U[C%QE&0;PE\[,[O;&NG-F.C,+Z5I%B53;"A@2@HG$&(F:FOY1$A,%
M)-%8+NW..5U=;QE25+) NS-+:=)08TP1$BZ!1+DDW+10=*V-+<JE:I"V.[N+
M@-:"O06^X_N=^;JW><]TYIQI]NSN\TN>;++S?M]<]N$P>V:F2P
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-BP    !)14Y$KD)@@@$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>48
<FILENAME>imglpt2n3q05rp04331376.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imglpt2n3q05rp04331376.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>49
<FILENAME>imglvfw33yqs4j04331374.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imglvfw33yqs4j04331374.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>50
<FILENAME>imgm4dj5n2qado04331374.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgm4dj5n2qado04331374.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  O NL# 2(  A$! Q$!_\0
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MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#W^BBD)P*
M"BJMY?0Z?:/<W,@2)!EF-8=KXOCO&S!;'R\X#.^VJA3E)72)E-1W.FHJM;7B
M7*Y7@@<CTJ<FI:L[,:::NAW-%-!]: 2:!CA2TT<#)JNM];/@+/&68D 9ZXX-
M %JBJ U?3V21UO(2L9PY#?=SZU8MKN"\C\RWE25/[RG- $]%%% !1110 444
M4 %%%% !1129R.* %HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "
MBBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **
M** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ I*6
MF;J '9I:9DXIW:@$+112=!0 45DZUX@L-!MEFO9=H<D*JC+-CK^5<I%\3HYI
M5*:7+]G/'F&0 CZC%)M)79$JD8[GH(I:Q]%\0V.NI(UE*6:)MLB,,%36O0FG
MJBDT]4+1113&%(>E+2'I0!Y?\8M3FL]/TRWC<K'-)(\A]EV__%5F^$]8C-O&
MNX!BNX*>-B_WV]">PKL_'WA:3Q1H8AMMOVRW?S(/,^Z3Z'VZ?E7AL&E:_I-R
MUN;&[\POF0^63YS=,DKD;!Z9KT\)*#I\K.:O3<]CVNUU<)> 0'>QC<X]<*3_
M $JQ+XFGW?((ECV@F5@=H."2.O7BN;\*Z%K5EIU]K5]'LN8[:3[+"3DEMI()
M%5XO$?C!4$-WI[0B,1>?.MMN 1G 9U7J3@GC%93Y'-]2%1J65I'4GQ)J+QRO
M#;[U#;$VQDG/O6A8Z])>:A!"H1HY81(=HY4X]:X^/7?%[?98_L;2)>NT$$_V
M?'ED. )&'8;=QJ_X<UKQ#=^(((+Z%PC>;]I0V^U8,9V8;HV>.A-1/E:T2*C2
MJ1>LCOV(\LDD 8ZD\5Y!!#?S:C)9)',DMN]QN<YQ\S9'-=WX]$__  A.I?9B
M_F^4=NSK7SK%!?I/*TB:@49QM #Y VC.?H:Y#J/0XTNI],NK"&R,4@@C5Y#G
M+N"<UZ+X,T1M#TZ2*2Z$\T[>8R@8"\=J^=8Q?E&W6U\,P\-M?[V3FNV^&272
M^.8U:*[\L1MNWAMOUY% 'ON?6DW57O;D6=E/<-R(HV<_@*X;_A8<PO;6 64)
M\U(V=?._>?.S ;1WP%R:N,)2V(E-1>IZ%FDW5P__  FMRUS'<)IX.E270M%F
M,F'+DX!V^F>/QII\>L;"&=;16D\B:XG3?Q&L:G^;;135*0O:Q.ZS0#7 'QW?
M#3K6X:ULMUW+Y<+"X_=KQ_$V.#4]SXWN+77!8-:0,J2112E9?GW.!T7T&:/9
M2#VL3N0:,UR_AOQ7_;^H7T @\N*!LQ/G/FIV;VK9OKSR4V)@MWYZ5G)<NX^=
M6N6I)TA7=(P4>]9D6K/?7/DV2Y5#\\A' ^GO6%+#/K.IK;"600QK^^8GU[5U
MEK:16=NL,*A47T[TE=D0FYO38LC.!FC-9NH:@T-I,UH%N+B,@>6& /ZUD6WB
M._FNEC?3 JNP /VB,D#N>O-6H-FCFD='YP!(9@& R1GG_/O0MQ&ZEE<%1U(/
M KQOQ).UY+XFE0!Y+F\MM/@SQN^?+#Z8%4"#:Z%XEMHH1:W$CP6:643Y3<S
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1)&&.3L7&30[=!DU%%%(#_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>51
<FILENAME>imgmyr3s4gouhh04331380.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgmyr3s4gouhh04331380.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>52
<FILENAME>imgnnm3abvh0zi04331374.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgnnm3abvh0zi04331374.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>53
<FILENAME>imgnp1ilxnzwgy04331374.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgnp1ilxnzwgy04331374.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>54
<FILENAME>imgo5jhmb5tx0o04331379.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgo5jhmb5tx0o04331379.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>55
<FILENAME>imgorwvkrcgb5v04331378.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgorwvkrcgb5v04331378.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>56
<FILENAME>imgoshsgpsjsrh04331392.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgoshsgpsjsrh04331392.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>57
<FILENAME>imgp13dwbsucii04331379.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgp13dwbsucii04331379.jpg
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MUE'P5JI\Q;55OMEMK>4K=?\ONJU4OD*79^EYHUU+QWYZ_-$Z%F^?Z>TM?\E
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M(^OTDC7.Q9MDA&Y#"3@#6[R+!#HN$F28 T?,0P@X XCT^G<Z:/ZO>!VT(82
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MT$$D;<@B'$,;"$TQYTH"5U9SKHAET@;.BRR@@THR2FD3(^W0"86<!V0>\_Z
MYQEZ&1F_ P/LY#WY;1CHAFP#G22#V>0]6?],9QFR#22U<CXD HXQD DI7(A4
M,HA(!)SS(60D@JFL9!"1"'AZ/70(^!WX/=("SAQTR&@E$4$R\M,"S@ _='V"
MS.%/R,@2T4P$G+D5YAY#P/L3 F)>C8$$<\!4?0J9>4T;2,A@?HU.@>0YVA Z
M\YJ$#-I I\  BC:$G'.E#4PCT 8Z!3)+J426Q?IKYEA)HL0#)5&&@BXA.VO@
MO"!D_BT9@G6IC(S7D- &WC^9 V?N,Z2G [2!\"3?!8,'YAU#%_:AP\;39)J/
M]^9_B@<6$@2*OH'SD?.32!E37B'AM^=].2=H _U$Z-KP#!SX_EE2R "799Y,
M-X9,;F0 Q2 &G6(JA954/Y1E4>PI<T@ X(O@Q$2T2$X@NS$$_!D1[73R&%X?
MR4.A/'$$BL%#^L?'^V4>/M1)23E$A#L]CT04@#:DD_OZ$SQN.NATB)@Y5]9C
MAVI#&D*%C/!)D@D9KDW#H($,<)8O)1&!T! FQM/@NTB']$/"]\_OP& [JVI7
M1& 87#*PPQL..94!#&28:TW:@,<7>LZ5-I XAL-#&\@;RN*_0;_ H))$4^:_
ML_!\<331+-K  #-D);B: L\+#_2G,D;7(;,K.0&K):MQ+-3(DC]BM? />0#I
M)*;^A ZI6J(8M=A#+.4#1M35_@24;F2$V]]PSN%Q,V!(&Z/["V2AO#ZB'GAZ
MZ3;00;#NE]\IQ'^# 72U-O#_Q/,,T09^=P;2Z38PH*0-A$Q#]1' >Y',R6^3
MU;0._21M( J3U5(ZVL \;Y9M )PKG [Z"]J4!4D;F%;*J@V9@G>!EY/ W#?S
M;<QMA/AS\AZ$:JME+S*RQ2ON;V@#GF^UT3S'"!7U-YQ\O$^UT3R=%:'3_H8V
M$)*J-IKG'"%I)02,Y!F\)8:(4$8580^5L$3'F&X#84NFER;)0F7C\[OW;@-3
M&M1K"+57/5&H=!N(5#&5P68W=)JAX#N_7,8@CM QEPPV0WJ>B";+Q\Z7X?71
M!N:C0R;1\1OP/:3;@/,1L@U\YTPC,)AE0$G8FH%=2 ^<?IDD6]K >S/ 9Z 9
M\IRL"5A7F23E$!;[E8R,4T(C(8IG\+X(0[6P(#]&B+7'M('.(#V02:"C[%WS
MMS^@#<RQIK.-$^@X2-;H;V@#&:[5IBT0#P9VH2%DS=IKPM>T+PMX7Z:7Z"2R
M2"H$!E<,=/%^L_(^&>PSP",J$-+S0S 0"00B.0<8\/-_"75.,K!F90Y]4KH-
M3#>17!D"VL!R3OX321N8\N,WX?\1"HJV\)F3P1-M8=H5,:_FB"UK>#]6AQ"5
M3-K _P.G$Q$//:61&7P1)$/083._25@L*0K " >/(P1X6+TS6KE.\8Q02P*8
M6V.PT+L-C.Y">3M,6_0.C7*=3CO4W X#NMZA4?X<M"'T_"]3!S?)0N5B5(,.
M@HZ;_T)6'0/O2^E,!#SIL$)#&^@?B 2%;@,9QM76.3.(H#WI<[6_8/J(1*W>
M,* +E8V/8%4K+4W_370J1!OX[7'NJKT7PAZBGV+00A2H6AN8WLHJ/R,36/M-
MP0R2(9(3$6,C$[(+0X! \'Z$@Q QBF<0)B(C.Q1X%W0&C' 9Q-!ID ] H8)0
MT :B(7@;) LAIOPN%/((!6U@4$=2"H,:WIN$'7Z3D##"IYQOJ,%3-8B&W"A+
M+R,+#4DZ$V7I)5RA(3)5DF6QH0WP_5?;EX%^@RFV$ ,*!M;5PK-)&T*$L'$P
M.!]Z$[(->-@,)*M!KE"(VB$,FOI:(441K@&U&QD=-AUULDR(/RA) ?Q(W!<2
MDC*8UR C/8O]CH'/SE(51"PK\<#C3"I.997U3#B* A6T@36G(<&;>%&&]TVF
M;=H8U(2 .=??RQZ0$<)/MX&H3 C1(%GJS[(_R7JW@>A4B Z;SO AV1]DZ??'
MOB$+T0:\*L23_BAM_ :<GR%^"YP;Q+-:&^@K0GP/],E,GV39!E8*$;+OW0:,
MI5PA!)R( U-]U=K DKX!MYUH&N:]LUX(SS*-K(0K@3K+U4:[(4&LLJ[MR]Q:
M%LO'TO#'K 5JH1UX6UG" #]T&PC-LDR(F@AI(SI%4ED( 2=/AT%4M38PM1!"
M//$Z&3A5:P/+?D.T@? UU2%[MP$C2A.B7@1](M4AJ[6!MH4N?5U3A J#+(I:
M"(/0:609O@5"9EG/Y]!I9#V(X)P,D1RS*'C_4,L)^X(YWU#+"?N":870=;=[
MPR BZ\%4+;2!@50M#"I##!P61RVTH28@62-TA:7>T$EE%4)/8,XQZR@  YFL
MHP"LT<\JZSF!O(!TD9\L2,I59@GB22@W2U@M0D@[2YC2"9D74@V2M4+GA?2&
M*9;0^Z'WAD$$_526 DH;R).HE4A=4!A)LD2(>6=2\$F@XGHH#YCW)TQ+&Q+(
M@,_ZQZ -A+"S+)2 UQ<Z7,D?D6ILY +@>9.30 9ZEIT5"419ET?D_8G*9 G)
M.Z$22_N" 67H'<!Z0WY"B&65BP(G)XMEE6G(&0JUA*TOZ)]")1+V!6T@%V)
M>N&LWV-=)V+%_ 7&==:\AMCO%P$G*8CZSH@%HTJ.A8;L=PIDL Z>)3O8;V5D
MPX?,1,\:!E/4NV9% /.+1")8SL72D=#[8"<PF$JV-LT*SLDLPO@(!>53$6]"
M^-1BI[,*M1Z=*%3RN4D>HD8$ZWT1CJPZ3-H4<MUS-<@3RCH*P%PON3I9@G@R
ML,W: V>0/^ \<#HE1D_5LHQ9.D)F8W]#&\AJ)$Q+1\72+3JHT*%CVD$"'R).
MAB/O3[M8AQZBX^8DI+K113(24GI;B'E'VI!4I"-DS?)"C@&A4Y;ZA8 I%"JO
ML8R,!"'L7AGBQ4!KH,#_DFI;B"8;RK#VE4$UR[F2XDO]#5,H>+R\%\+-8#99
MI1*BP%$"3@710;X#SD4\/LY-2BV'$@\&4_0-? =$YK+T.H'? 4<K]!03D3FB
M,#A_+'>ES^:W24=1^QL^+^<??0-])LX&^3K5"F&MT%"!K-JN7RPM"U$Z,Q'P
MI$@&/PQ"S@_"\=!SGYP 1 +X8[#7, 7[0\#WD-1"9\E,;PN1"4X;Z*#P+OAS
M4BXS"5VSM"W4_NQTS)Q_DV6<@PSNV'&)066H3I.! MF]1&!Z6Z@E7'C<258O
MYV223,CWPR W1&&91,#YO"QM3&"0QS+#$-\#2;7\%YG6(Q)#1CK>)]]#J/ M
M.3E,)7%>(%9D7(=.M&4SFV3@QG^"6@U$QZB703E5CO<W?.?\%KS?=3(&V9RC
ME'AE66&(R!">-N<>_P\BMO2/G*/D;U%F-XM(66;0*5)IBMJZ_  8X6,$+,3\
M+R<=/T3O/R&"Q7Q?%B$B3A#>]VY9* $'OH,0?\)%@8>'M\>H%D^#T36>."/=
MT,EL"!8>%^<C;0@Y#TYR$&OA^?U[6ZBL?+P;/!W$DL@0'3CPWV! 0V?:W]"&
M:V4L7^)W2&"@2W0@1-@23XM..@&QH$8 OT\H 2?ZA$@ JU,8Q#'=QEQ\J/\L
MPL3 C=^#@03.%S"("C4'S'\0QPIZ.WE,MX7PPOG_<?Y7@]]IP"TCXP_ <B62
M(ACM$CX.<3(D+*HCRE+0&$V&Z"1K#<Z'Y/?G7.!/F=6HEN^?RGCWR$(*..^;
M]6^/.#*-Q08J#"@91.'],:BJ5E*SO\#3I],DA,QW0E]!)"+4?OT,7'IGWR.B
M-\@8;(80<$+X#&: *1ZFM/A.F%9 3$+U4WS_""?KH'&R^&UVDC'-$J(-?-<X
M>;2#\S/]W5/),D0-$:*R?/;>.3'T60PJ0Q>>RA1.  K#LQ,6X1C"IBTR=CT*
M)>*\#Q5T;I8QLL8(S?!'R=HC#0G>'1T"?TY.Q"0"P@D;8E,7("+S QD%$4A<
M2Z8P2& B420D20>!95U,)BLX_Y.!!-\'GFCH:27@O9-VT";^L\GM_H;WX]R;
M*$M/&Y#,1@)N" 'G\S.E0O_(X"5Y3[Z#+,Y-HF'DS$R1$0T(E=0(E)E.3Z?Q
M^Q I(R\BU#G!X)$RQPQJ2;@E8HAF9)U8&!RR2?ES,-?UL P1!^830BU1($R(
M0*7_B%QG$('W%0*\._X$U2Q$]C-_ I(P" L"X6L\#+P=.@A&V/T-;>!]2(X!
M?G_:0+B4P04E3D/ ;T$[\#QY?T*5A WY<])&(QQTR)R7_ 9TF&P\!/P.Y$N$
M$,\$Q#OY3S*(R>)<2/<36;6A%J!/Y+M(?_Z0@[H$^D:\_JP&MIG"ET]2!.%1
MOOST?M3<9EZEOZ$-A FKS;<G<WW]#6T@-,FF'=7*\X6HP,6)SWQ>>K! (AF>
M,"'L$ ).&WHG1]%ATP:6D(42<$)Q+!-*=P:<HR2N\)V$@-^!4!P9S[V-:840
M'3>?N:\V,* *T0;"U\Q!\UZ$K9D+Y[?!(PVY_I<!+<EKO'_B"=-O(*2A8$";
MY ,D;4A6T PD<*J8QB%2RG:JR?0:$=-0F>CT1T0K2:9C((GW3:E;$J!#_"]J
M!A(/^$.F/S3BC0=.A9T0D A"")T_ N*!,;^$8/#'#0%A(3YWEO ]L*8RO82.
MI#($E'!9"/A#\%L@$ GD1=PB8[#7WR#:1%ZJS;F3G!*J"AA+M:Z6_:2*$2X,
M<:X0F4(LJK6!C/ 0;6!KV72V-?]10LA$[!#0$ +."@BR\-/G!/T5Q84(VX;H
ML(F,X4RD!]B<J_23H;8TI4]D66LU8U 7H@WTS=3MX+?@NR Z0W8^;</1"5&&
MF_=EVH#! N%SEI=R'O)_H A9NN]:X<'S1332?T22(OB"JG6B_0'OPRB*CHFY
M#(RY#>;F0YR4M0+? UF=#%S2WB=9MPRT0D!8C(2AWGNCD^#($IX0<"[P>?&N
M^+-BS'?2B8=*G*)SR+J4+M]YUK7P$6_R,9A62<X'0I5$K";(0@@X@\IJF<6(
M2:A<';*;J^V-$+(-_"\0++[[WD:_D>XS^@OZ!R(O";PG@SSZ:P;7(02<P0(#
M!^#]TONTXW0RH#$R@+ <G3:C_($DW$9/F#K!LZ*SHF.@D W+'+.NOC5081H%
M+PNQ2N W(G<FA'#129.LQEIL! 0C+X-EIG3D(?H*!C ,9)AO3=J IT<D G$/
MT0:B .D(0!;01U.I$6\;(04^.],+?Y0E^3/]"><ARTI[9[PSX,;Q''#%7 RC
M%J&S($(TX))3C(5@WA5/D\$<99>I74&D"B$-!4OY>K<!\0[9AEJ %2G,?1.I
M3</2.C9Y"0$1F70TCD$$4QDAEU<:AF$82P$>* .Z$.'BOJB%-AB&81B&81B&
M81B&81B&81B&81B&81B&81B&81B&81B&81B&81B&81B&81B&81B&81B&81B&
M81B&81B&81B&81B&81B&81B&81B&81B&81B&81B&81B&81B&81B&81B&81B&
M81B&81B&81B&81B&81B&49V59)^-+W>4K2;;6?9UV2FR/64KRTZ0G2G[DHS'
MKB([6C9(QG/&R'C\IK*LV$!&VY//8QB&81@K+ C=X?'E7K+U9>-DB/+[9(@B
M LYCN'VD[/VR3\D0^>$R[E];MJV,XUFQF>S3LD;9YV6?D/&Y-I31?MI*VX?(
M@.-</UBVBXS/\4E93I:7[2WC=?C<O,YNLB_(MI Q<#$,PS",Q9 KY&5_D#V_
M;*SXH*MK&J%7[BW@F\OP8&%7&6+X(=DYLK/B8SSV$MFILG-E@("/E^WN;RV*
M4N4P5RH_XUHKS[]G:ZL\YUK+-\:OG @X[=I&=H ,C[PHJY>-DB'8#;(/R$;+
MSI/]4':E#($^2<9G9!#S,=G'9?O(&)P@WMO)3I<A]H9A&(:Q&#9M6,_EB^-=
MOG#A,K'ZIN^Z(<V$N_$DFV4(VA&R-64(()[WNK*"C/L2D0="[8C]>C+$<0\9
MPHV \KA%TU+912)^X3*SMLKQ\2LG HX(TW;:Q!0 @Q $]Q 9GWD'V?=D"#;3
M (@ZC\-#1ZCY3&-E=3(\\?UE?&8\^G5DO+X)N&$8AI$Y"-_),CQR6$N&*'(L
M$?D/QY?P$=D:T54O[GBEA)N9)T<XL^*#,CQMO&8\Z(-DS-5O)<-K1H"!8WC9
M?!Y$FL^)=[VJK$FVO8S!S$@9<_M\5I[#ZQTCX_63P8QA&(9A&#4$HF\B;1B&
M81B&81B&81B&81B&81B&81B&81B&81B&81B&81B&81B&81B&81B&81B&81B&
D81B&81B&81B&81A&59S[?PRF]'LZ[ZZ#     $E%3D2N0F""

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>58
<FILENAME>imgp1t2xdajfro04331374.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgp1t2xdajfro04331374.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>59
<FILENAME>imgp3o0vdvkhwr04331379.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgp3o0vdvkhwr04331379.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>60
<FILENAME>imgphungpswvav04331376.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgphungpswvav04331376.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>61
<FILENAME>imgpx2nf3qjalf04331380.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgpx2nf3qjalf04331380.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I
M*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1  (! @0$ P0'!00$  $"=P ! @,1
M! 4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H
M*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&
MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76
MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_  !$( #$ <0,!$0 "$0$#$0'_V@ ,
M P$  A$#$0 _ /?Z "@ H * "@ H * "@ H * *FHM?+9L-.2)K@\*96PJ^_
MO6E/DYO?V,ZO/R_N]SAKOPIXIOI"]S?1R$]C,<#Z#&!7IPQ6'@K17X'CSP>*
MF[RE^)IZ1X7%A"IN=9EBN@V2()@%'MR.:\G&N->KSIM61UX?"^SC[TM?(ZN&
M:+:D?VA97QC.1EORJ$UM<[TUM<FJB@H * "@ H * "@ H * "@ H \UNM5\9
M&[F,,-ZL6\[ +7@#/'\->S&EA>57:^__ ()X,ZV,YG9.WI_P"(:GXV)QY=]_
MX"?_ &-/V>$\OO\ ^"3[7&^?W?\  +J^!]4N%$\UU")9!O<,3G<>3GCKFOEL
M5A95:TIIJU]/3H=<<'4:NWJ2P^!]3MYTFBO8%DC8,I&[@C\*PC@JD7=-%K"3
MB[IG;_Z3Z1?F:]3WCT/>)JHH* "@ H * "@ H * "@ H X6_\>W5AJ%Q:/IJ
M;H7*9,AYP>O2O4A@8SBI*6YX]3,94YN+CL56^(5[<#R(-/199/E0AR2">!QB
MJ^HPC[S>Q']I3E[L8ZC=GC#UO/\ OJOD7]:;ZFUL3YBA/&!(&;S_ +ZHMBO,
M=L3YG4?V/J7_ $%IO^^J[O8U/YCL]E/^8W:ZCH"@ H * "@ H * "@!&944L
MQ"J.I)QB@!L4L<R;XI%=?53D46L!!/IUC.YEFLH)9#U9HU)/XFKC4G%63,Y4
MH2=W%,Y;5=>T_2&"6>CK!?!OE,ML% '<Y'7\*TK^TIT)57*Z7F<%2O3INT(6
MEZ%.#QIK5U*(H+*WDD/15C<G_P!"KPHXRM)V20+%59.R2.PTI]4DMV?5(X(I
M"?E2+/ ]SD_I7HTG4:O4L=U-U&O?+]:FI\V_";_DIUE_USE_]%FO7Q/\)D+<
MZ'X]_P#(2T7_ *Y2?S6L<%LQL7XT_P#(!\)_]<I/_08Z,)\4@9ZOHD/VCP7I
MT&[;YEA&F<9QF,"N*;M-OS*/ ?'OPX_X0BQL[G^U?MOVB0IM^S^7MP,Y^\<U
MZ=&O[5M6L0U8[KX;_#+^S[K1/%G]K^9N@\[[-]GQCS(R,;MW;=Z=JYJ^(NG3
ML-(\Y\%>$(O&?B*]L);XV:Q1-,'"!LX<#&,CUKKK5?9132$E<Z3PIJ&J>"OB
M<GAB+5/M^GR3K"X!RAW $,!D[2,\X]"*RJ1C5I<]K,:T8SQ#?:K\1/B:_AG[
M<UOI\=S)"B+]U1'G<Y'\1.TXSZT0C&C2Y[:ANRKXATK5/A'XCLI])U5Y8[A"
M^&7:'P<%77.".1S[^V:JG*.)BU)!L?0]K.MU:0W"C"RH' ^HS7E-6=BA[(KC
M:ZAAZ$9I6N%K@D:1C"(JCT Q222V$DEL.IC"@#YFC%_\+_B%!<WEH9A"N0,[
M1*C)@[3[9_,5[&F(IV1&Q%\0_&,GC2\LKU=/>TM(4:*+>V[>V06YP/5>/\:*
M%+V2:OJ#=SKOC3_R ?"?_7*3_P!!CK#"?%(;'Z9\<+;3])L[(Z%*YMX4B+"X
M SM4#/W?:B6#;;=PN7/CA,+GPSH4X7:))2^/3* U.#5IR0,]$\$_\B+H/_7C
M#_Z *Y:W\27J4CYU\(^#Y/&FNW]A%>+:R0Q/,K,FX,0P&.HQ][KS]*]6K5]E
M%.Q"5SI?A3!IVB^/Y].URV:+5XR8K9G/RH_(88]2.A_Q%8XERE3O'8:,&'2=
M0USXIZAI^EWGV.[DO+DI-O9=N"Y/*\] 16KDH44Y+2R%U#Q]X8UOPU/8IK6K
M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>62
<FILENAME>imgr3xzjhckz1504331374.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgr3xzjhckz1504331374.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>63
<FILENAME>imgrilomdboexc04331379.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgrilomdboexc04331379.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>64
<FILENAME>imgrp4rfkxklbo04331391.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgrp4rfkxklbo04331391.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>65
<FILENAME>imgsatfcdwotjq04331374.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgsatfcdwotjq04331374.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>66
<FILENAME>imgt5lhfxo0um504331380.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgt5lhfxo0um504331380.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>67
<FILENAME>imgua35dmdvp3104331391.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgua35dmdvp3104331391.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>68
<FILENAME>imgulq1nmpfgcv04331378.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgulq1nmpfgcv04331378.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>69
<FILENAME>imgvbtjt0mksxq04331380.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgvbtjt0mksxq04331380.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>70
<FILENAME>imgwfxkylfgajo04331392.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgwfxkylfgajo04331392.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I
M*C0U-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1  (! @0$ P0'!00$  $"=P ! @,1
M! 4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)B<H
M*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H:6IS='5V=WAY>H*#A(6&
MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76
MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_  !$( #$ <0,!$0 "$0$#$0'_V@ ,
M P$  A$#$0 _ /?Z "@ H * "@ H * "@ H * *FHM?+9L-.2)K@\*96PJ^_
MO6E/DYO?V,ZO/R_N]SAKOPIXIOI"]S?1R$]C,<#Z#&!7IPQ6'@K17X'CSP>*
MF[RE^)IZ1X7%A"IN=9EBN@V2()@%'MR.:\G&N->KSIM61UX?"^SC[TM?(ZN&
M:+:D?VA97QC.1EORJ$UM<[TUM<FJB@H * "@ H * "@ H * "@ H \UNM5\9
M&[F,,-ZL6\[ +7@#/'\->S&EA>57:^__ ()X,ZV,YG9.WI_P"(:GXV)QY=]_
MX"?_ &-/V>$\OO\ ^"3[7&^?W?\  +J^!]4N%$\UU")9!O<,3G<>3GCKFOEL
M5A95:TIIJU]/3H=<<'4:NWJ2P^!]3MYTFBO8%DC8,I&[@C\*PC@JD7=-%K"3
MB[IG;_Z3Z1?F:]3WCT/>)JHH* "@ H * "@ H * "@ H X6_\>W5AJ%Q:/IJ
M;H7*9,AYP>O2O4A@8SBI*6YX]3,94YN+CL56^(5[<#R(-/199/E0AR2">!QB
MJ^HPC[S>Q']I3E[L8ZC=GC#UO/\ OJOD7]:;ZFUL3YBA/&!(&;S_ +ZHMBO,
M=L3YG4?V/J7_ $%IO^^J[O8U/YCL]E/^8W:ZCH"@ H * "@ H * "@!&944L
MQ"J.I)QB@!L4L<R;XI%=?53D46L!!/IUC.YEFLH)9#U9HU)/XFKC4G%63,Y4
MH2=W%,Y;5=>T_2&"6>CK!?!OE,ML% '<Y'7\*TK^TIT)57*Z7F<%2O3INT(6
MEZ%.#QIK5U*(H+*WDD/15C<G_P!"KPHXRM)V20+%59.R2.PTI]4DMV?5(X(I
M"?E2+/ ]SD_I7HTG4:O4L=U-U&O?+]:FI\V_";_DIUE_USE_]%FO7Q/\)D+<
MZ'X]_P#(2T7_ *Y2?S6L<%LQL7XT_P#(!\)_]<I/_08Z,)\4@9ZOHD/VCP7I
MT&[;YEA&F<9QF,"N*;M-OS*/ ?'OPX_X0BQL[G^U?MOVB0IM^S^7MP,Y^\<U
MZ=&O[5M6L0U8[KX;_#+^S[K1/%G]K^9N@\[[-]GQCS(R,;MW;=Z=JYJ^(NG3
ML-(\Y\%>$(O&?B*]L);XV:Q1-,'"!LX<#&,CUKKK5?9132$E<Z3PIJ&J>"OB
M<GAB+5/M^GR3K"X!RAW $,!D[2,\X]"*RJ1C5I<]K,:T8SQ#?:K\1/B:_AG[
M<UOI\=S)"B+]U1'G<Y'\1.TXSZT0C&C2Y[:ANRKXATK5/A'XCLI])U5Y8[A"
M^&7:'P<%77.".1S[^V:JG*.)BU)!L?0]K.MU:0W"C"RH' ^HS7E-6=BA[(KC
M:ZAAZ$9I6N%K@D:1C"(JCT Q222V$DEL.IC"@#YFC%_\+_B%!<WEH9A"N0,[
M1*C)@[3[9_,5[&F(IV1&Q%\0_&,GC2\LKU=/>TM(4:*+>V[>V06YP/5>/\:*
M%+V2:OJ#=SKOC3_R ?"?_7*3_P!!CK#"?%(;'Z9\<+;3])L[(Z%*YMX4B+"X
M SM4#/W?:B6#;;=PN7/CA,+GPSH4X7:))2^/3* U.#5IR0,]$\$_\B+H/_7C
M#_Z *Y:W\27J4CYU\(^#Y/&FNW]A%>+:R0Q/,K,FX,0P&.HQ][KS]*]6K5]E
M%.Q"5SI?A3!IVB^/Y].URV:+5XR8K9G/RH_(88]2.A_Q%8XERE3O'8:,&'2=
M0USXIZAI^EWGV.[DO+DI-O9=N"Y/*\] 16KDH44Y+2R%U#Q]X8UOPU/8IK6K
M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>71
<FILENAME>imgwvsc1lcpdwx04331380.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgwvsc1lcpdwx04331380.jpg
MB5!.1PT*&@H    -24A$4@   +L   !F" 8   "3,.";     7-21T( KLX<
MZ0    1G04U!  "QCPO\804    )<$A9<P  #L,   [# <=OJ&0   C8241!
M5'A>[9T/C!Q5'<=?NW]ZA6*YG=V[G:.U@F!C$_S7:$0-"&J1DJ)1,*(($>RE
M14O=F3U;0+G$8@N2=G>O5Q6J8J2!I%#!"*G_L(& 7/S3"*VIBJU0;J\!$;!%
MRQ_[QM_;_7'MWO[F;G=F+S=W_7Z2;^9N]_=^;_;-=]^^>?MF5@$
M                        <)S1[\U21?T.5=*+5$%_2O61"OI\5?#>I6[R
M9G,4 ).06_2)9.S/D,%OI^W?:*M5R?-$??\?6@W9^]10=@OI,O7":3 _F 04
M]-O)V+>1#HG&EG3W=F-V;UCE[&%5MN\@O8>S A AUNM3R. _IE[\B&CHT?3+
M#;5F'S:]38]G?Z+VSSF=:P%@@BGHI63T?XM&;D0[UOR<3/T#?]G]REN8X-H
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M2UK'/@*S;ETJZW/I'P
?      " *8%2_P>F$_L[XLLJ"@    !)14Y$KD)@@@$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>72
<FILENAME>imgxxl2xeaevyw04331378.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgxxl2xeaevyw04331378.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>73
<FILENAME>imgyk0c11l42gg04331380.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 imgyk0c11l42gg04331380.jpg
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M 0$! 0$! 0        $" P0%!@<("0H+$  " 0,# @0#!04$!    7T! @,
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M?V@TZN8SYKOL (S][IU%%&I"=^56!Z'TGH__ "!+#_KWC_\ 017D2^)EEVI
M* "@ H XKXF?\B]%_P!=171A_B$RK<_\B[HG_7%OYBJ7Q,#4\4?\>FG?[I_D
MM13W8'-UJ!U'B;_D&6/^>U8T]V!N:7_R";3_ *Y+_*LY;L9S?A7_ )"UQ_US
M/_H0K6IL(9J7_(X+_P!=8OY+3C\ !I?_ "-K?]=)/ZT2^ "QXO\ ];:?[K?T
;J:74#I;;_CUA_P!P?RK)[C):0!0 4 % '__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
